• Andritz average gross margin for 2023 was 46.53%, a 0.85% increase from 2022.
• Andritz average gross margin for 2022 was 46.93%, a 0.66% decline from 2021.
• Andritz average gross margin for 2021 was 46.62%, a 0.6% increase from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.