UPDATE 1-Continental sees more synergies from VDO purchase

Newswire

(Adds details, CEO comments, background, share price) HANOVER, Germany, Feb 21 (Reuters) - Germany's Continental , the world's fifth-largest automotive parts supplier, increased its forecast for synergies from its acquisition of Siemens VDO at the end of last year, it said on Thursday. It also posted quarterly results that showed operating profit that met expectations, as earnings before interest and tax edged up 3.4 percent to 502 million euros ($738.8 million) versus the average ...

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