• LeGrand SA average gross margin for 2023 was 51.97%, a 0.62% increase from 2022.
• LeGrand SA average gross margin for 2022 was 51.65%, a 1.88% increase from 2021.
• LeGrand SA average gross margin for 2021 was 52.64%, a 0.23% 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.