• Amplifon S.p.A average return on tangible equity for 2023 was -8.66, a 8.25% increase from 2022.
• Amplifon S.p.A average return on tangible equity for 2022 was -8, a 19.76% increase from 2021.
• Amplifon S.p.A average return on tangible equity for 2021 was -9.97, a 11.14% 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.