• Lenovo Group average ebitda margin for 2023 was 6.13%, a 2.08% decline from 2022.
• Lenovo Group average ebitda margin for 2022 was 6.26%, a 10.41% decline from 2021.
• Lenovo Group average ebitda margin for 2021 was 5.67%, a 13.63% increase from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.