• Orion OYJ average gross margin for 2023 was 58.25%, a 4.08% decline from 2022.
• Orion OYJ average gross margin for 2022 was 60.73%, a 5.09% decline from 2021.
• Orion OYJ average gross margin for 2021 was 57.79%, a 5.65% 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.