• Wartsila average return on tangible equity for 2023 was 43.84, a 219100% increase from 2022.
• Wartsila average return on tangible equity for 2022 was 0.02, a 99.95% increase from 2021.
• Wartsila average return on tangible equity for 2021 was 37.03, a 0.7% 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.