By Cristina Roca


Shares in Delivery Hero SE traded sharply higher Monday after the Berlin-based company said it has secured new financing and that it expects its adjusted earnings for next year to be positive.

At 0737 GMT, shares in Delivery Hero were up 13% at EUR47.09.

Delivery Hero said it had secured financing totaling 1.4 billion euros ($1.55 billion).

The news should be seen as a material positive as investors had some concerns the company may need to implement an equity raise, Citi analysts said.

The food-delivery platform, which a few months ago said it would take majority control of Spain-based peer Glovo, also issued guidance for 2023. It expects its adjusted earnings before interest, tax, depreciation and amortization, including Glovo, to be positive, it said

For the first two months of 2022, gross merchandise value--a key indicator of sales growth--rose 30% on a pro forma basis, Delivery Hero said.


Write to Cristina Roca at cristina.roca@wsj.com


(END) Dow Jones Newswires

04-04-22 0412ET