BERLIN (dpa-AFX) - The food delivery service Delivery Hero is countering doubts about its financial strength. Several credit lines are to be amended or extended. The MDax company also intends to buy back convertible bonds. As the company announced on Monday, an existing credit line of 813 million US dollars (just under 750 million euros) and a 300 million euro credit line are to be amended and extended. There are also plans to increase "one or more credit lines" with a total amount of around 500 million euros. The management also intends to spend at least EUR 300 million to buy back outstanding convertible bonds.

The targets for 2024 remain unchanged. The plan of Group CEO Niklas Östberg and CFO Emmanuel Thomassin continues to include an increase in gross merchandise value (GMV) of seven to nine percent. Revenue adjusted for voucher effects is expected to increase by 15 to 17 percent compared to the previous year. Earnings before interest, taxes, depreciation and amortization (EBITDA) adjusted for special effects are expected to climb significantly compared to the previous year's figure of 253.3 million euros to between 725 and 775 million euros./ngu/mis