Restructuring hits Adtranz

ON FEBRUARY 28 DaimlerChrysler AG presented its results for 1999, the first year with fully consolidated results from Adtranz after ABB sold its 50% stake in the business. Operating profit at DaimlerChrysler was up 20% at 10·3bn euros, after adjustment for one-time effects including restructuring expenses at Adtranz, where revenue ...