• Andritz average return on tangible equity for 2023 was 52.95, a 4.83% decline from 2022.
• Andritz average return on tangible equity for 2022 was 55.64, a 41.82% decline from 2021.
• Andritz average return on tangible equity for 2021 was 95.63, a 25.07% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.