• Kion Group average gross margin for 2023 was 21.72%, a 1.97% increase from 2022.
• Kion Group average gross margin for 2022 was 21.3%, a 14.53% increase from 2021.
• Kion Group average gross margin for 2021 was 24.92%, a 2.08% 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.