Quote:
Originally Posted by Kief
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BMW Group earned records revenue and sales volume in 2016, but they incurred more expenses than previous periods as they ramp up to build the next-generation of cars with new tech (e.g., new 5-series and all the cars to follow).
As a result, revenue was up by profit (bottom line) was down. As the article you provide says, it was a change from 9.2% profit margin in 2015 to 8.9% in 2016, the year reported in the original post here.