• Akzo Nobel average gross margin for 2023 was 37.67%, a 0.83% increase from 2022.
• Akzo Nobel average gross margin for 2022 was 37.36%, a 12.14% increase from 2021.
• Akzo Nobel average gross margin for 2021 was 42.52%, a 2.94% decline 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.