• Tele2 average return on tangible equity for 2023 was -18.44, a 43.95% decline from 2022.
• Tele2 average return on tangible equity for 2022 was -32.9, a 25.58% decline from 2021.
• Tele2 average return on tangible equity for 2021 was -44.21, a 12.72% 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.