• Tele2 average return on tangible equity for 2024 was -18.81, a 2.01% increase from 2023.
• Tele2 average return on tangible equity for 2023 was -18.44, a 43.95% increase from 2022.
• Tele2 average return on tangible equity for 2022 was -32.9, a 25.58% decline from 2021.

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.