
Annual Report 2024

We do not feel defeated by the unfavorable economic times.
Quite the contrary. We are setting up for future success.
The past year has shown that iLOQ has what it takes to renew, develop and grow in times of adversity and challenging market conditions. We have been busy building capabilities
for the inevitable upturn.
Heikki Hiltunen, President and CEO, iLOQ

Establishing a strong and permanent presence in the US
iLOQ has ramped up American operations by registering its local sales company, recruiting locally, building a sales network and opening its first logistics center on the
continent.
Joni Lampinen, Chief Revenue Officer

As we continue to expand internationally, we are constantly reminded of how different the world is depending on where you look at it from.
Thomas Thrörewik, Chief Business Officer, Europe and emerging markets

We anticipate a future where we are positioned for success thanks to our courage and foresight during this latest period of economical hardship.
Timo Pirskanen, Chief Financial Officer

Our focus has been on operational efficiency and compliance with business-critical ESG
standards.
Erja Sankari, Executive Vice President and COO

Active HR initiatives and new capabilities are centered around maintaining and developing the unique iLOQ spirit in a growing international organization.
Minna Tuomikoski, Chief Human Resources Officer