TelAviv:ELLO

Ellomay Capital Reports Results for the Three Months Ended March 31, 2023

Retrieved on: 
Thursday, June 29, 2023
Shekel, Sharsheret, Electricity, Tax, Battery, Bank Mizrahi-Tefahot, P-50, Talmei Yosef, AMPA, Israeli new shekel, PV, Government, Kilowatt-hour, Sale, Public expenditure, Komemiyut, EBITDA, GGB, TASE, Depreciation, NIS, Dunam, Heat, PPA, Greenhouse, Three Months, NYSE, Manara, Legislation, Renewable energy, Cryptocurrency, Video game, Spanish, Dorad Power Station, Klahim

Operating expenses were approximately €6.5 million for the three months ended March 31, 2023, compared to approximately €6 million for the three months ended March 31, 2022.

Key Points: 
  • Operating expenses were approximately €6.5 million for the three months ended March 31, 2023, compared to approximately €6 million for the three months ended March 31, 2022.
  • Depreciation expenses were approximately €4.1 million for the three months ended March 31, 2023, compared to approximately €4 million for the three months ended March 31, 2022.
  • Net profit was approximately €2.8 million for the three months ended March 31, 2023, compared to net loss of approximately €3.4 million for the three months ended March 31, 2022.
  • EBITDA was approximately €3.6 million for the three months ended March 31, 2023, compared to approximately €3.8 million for the three months ended March 31, 2022.

Ellomay Capital Reports Publication of Financial Statements of Dorad Energy Ltd. for the Three Months Ended March 31, 2023

Retrieved on: 
Wednesday, May 31, 2023
Amos, International, Electricity, Bank statement, WEC Energy Group, TT, Season, Government, TEL, International Financial Reporting Standards, TASE, Criticism of the Israeli government, NYSE, Renewable energy, Dorad Power Station

TEL AVIV, Israel, May 31, 2023 /PRNewswire/ -- Ellomay Capital Ltd. (NYSE American: ELLO) (TASE: ELLO) ("Ellomay" or the "Company"), a renewable energy and power generator and developer of renewable energy and power projects in Europe and Israel, today reported the publication in Israel of financial statements for the three months ended March 31, 2023 of Dorad Energy Ltd. ("Dorad"), in which Ellomay currently indirectly holds approximately 9.4% through its indirect 50% ownership of Ellomay Luzon Energy Infrastructures Ltd. (formerly U. Dori Energy Infrastructures Ltd.) ("Ellomay Luzon Energy").

Key Points: 
  • Based on applicable regulatory requirements, the quarterly report of the Luzon Group includes the financial statements of Dorad for the same period.
  • The financial statements of Dorad for the quarter ended March 31, 2023 were prepared in accordance with International Financial Reporting Standards.
  • Ellomay will include its indirect share of these results (through its holdings in Ellomay Luzon Energy) in its financial results for this period.
  • Dorad's unaudited revenues for the three months ended March 31, 2023 – approximately NIS 648.3 million.

Ellomay Capital Announces the Filing of the Annual Report on Form 20-F for 2022

Retrieved on: 
Friday, April 7, 2023
Security (finance), NYSE, TASE, Bank statement, Annual report, Cryptocurrency, Audit

TEL-AVIV, Israel, April 7, 2023 /PRNewswire/ -- Ellomay Capital Ltd. (NYSE American: ELLO) (TASE: ELLO) ("Ellomay" or the "Company"), a renewable energy and power generator and developer of renewable energy and power projects in Europe and Israel, today announced the filing of its Annual Report on Form 20-F for the year ended December 31, 2022 with the Securities and Exchange Commission.

Key Points: 
  • TEL-AVIV, Israel, April 7, 2023 /PRNewswire/ -- Ellomay Capital Ltd. (NYSE American: ELLO) (TASE: ELLO) ("Ellomay" or the "Company"), a renewable energy and power generator and developer of renewable energy and power projects in Europe and Israel, today announced the filing of its Annual Report on Form 20-F for the year ended December 31, 2022 with the Securities and Exchange Commission.
  • A copy of the Annual Report on Form 20-F is available to be viewed and downloaded from the Investor Relations section of the Company's website at http://www.ellomay.com .
  • The Company will provide a hard copy of the Annual Report on Form 20-F, including the Company's complete audited financial statements, free of charge to its shareholders upon request.

Ellomay Capital Reports Results for the Fourth Quarter and Full Year of 2022

Retrieved on: 
Friday, March 31, 2023
Shekel, Tax, Equipment, Market access, Operation, Radiation, IAS 16, Sharsheret, Bank statement, Construction, Electricity, Bank Mizrahi-Tefahot, P-50, Income tax, Talmei Yosef, CHP, AMPA, Local Democracy, Economic Development and Construction Act 2009, Israeli new shekel, PV, Minerals Management Service, Sale, Public expenditure, Komemiyut, EBITDA, PAC, TASE, Depreciation, NIS, Dunam, Heat, Transport, IAS, PPA, Greenhouse, NYSE, Manara, Legislation, Klahim, Cryptocurrency, Renewable energy, Airline, Natural gas, Oil, Spanish, Dorad Power Station

The increase in depreciation and amortization expenses is mainly attributable to the commencement of recognition of results of Ellomay Solar upon connection to the Spanish grid in June 2022.

Key Points: 
  • The increase in depreciation and amortization expenses is mainly attributable to the commencement of recognition of results of Ellomay Solar upon connection to the Spanish grid in June 2022.
  • The average electricity price in Spain during the fourth quarter of 2022 was approximately €0.11/kWh, compared to an average price of €0.20/kWh during 2021.
  • Due to lower radiation during the fourth quarter of 2022, the electricity produced by the Talasol PV Plant was lower by approximately 24,000 MW compared to the fourth quarter of 2021.
  • Commencing the third quarter of 2022, this PV plant operated at full capacity and generated revenues of approximately €3.6 million during 2022.

Ellomay Capital Reports Publication of Financial Statements of Dorad Energy Ltd. for the Year Ended December 31, 2022

Retrieved on: 
Wednesday, March 29, 2023
Amos, Maintenance, International, Bank statement, Rwanda Energy Group, Coronavirus, Health, Electricity, Season, Government, TEL, COVID-19, TASE, Annual report, NYSE, Cryptocurrency, Dorad Power Station

Based on applicable regulatory requirements, the annual report of the Luzon Group includes the financial statements of Dorad for the same period.

Key Points: 
  • Based on applicable regulatory requirements, the annual report of the Luzon Group includes the financial statements of Dorad for the same period.
  • The financial statements of Dorad for the year ended December 31, 2022 were prepared in accordance with International Financial Reporting Standards.
  • Ellomay will include its indirect share of these results (through its holdings in Dori Energy) in its financial statements for this period.
  • Neither Ellomay nor its independent public accountants have reviewed or consulted with the Luzon Group, Dori Energy or Dorad with respect to the financial results included in this press release.

Ellomay Capital Announces Entry into the US Solar Photovoltaic Market

Retrieved on: 
Tuesday, March 21, 2023
Metro, Joint, JDA, Metre, Electricity, Dallas–Fort Worth metroplex, Acquisition, TASE, Power purchase agreement, Growth, NYSE, Real-time, Renewable energy, ERCOT

TEL-AVIV, Israel, March 21, 2023 /PRNewswire/ -- Ellomay Capital Ltd. (NYSE American: ELLO) (TASE: ELLO) ("Ellomay" or the "Company"), a renewable energy and power generator and developer of renewable energy and power projects in Europe and Israel, today announced its entry into a Joint Development Agreement (the "JDA") for the development of solar photovoltaic projects in the State of Texas.

Key Points: 
  • The JDA was executed with a project development company experienced in the development of energy projects, site acquisition, capital markets and commercial management.
  • The JDA provides for the initial development, design, construction and finance of two solar PV projects with aggregate projected DC capacity of 23 MW (the "First Projects").
  • The First Projects are in advanced stages of development and the estimated capital costs of the First Projects are in the range of $25-$27 million.
  • Ellomay views the entry into the Ercot North Market as an important but careful step into the vast US electricity market, focusing on the State of Texas that has and is experiencing high economic and electricity demand growth."

Ellomay Capital Announces Results of 2022 Annual General Meeting of Shareholders

Retrieved on: 
Thursday, December 29, 2022
Security (finance), TASE, Electric Bond and Share Company v. Securities and Exchange Commission, NYSE, Tel Aviv Stock Exchange, Employment, Digestion, Electricity, Audit committee, NYSE American, Remuneration, Bangladesh Power Development Board, Form 6-K, AGM, Plant, Policy, KPMG, Renewable energy

TEL-AVIV, Israel, Dec. 29, 2022 /PRNewswire/ -- Ellomay Capital Ltd. (NYSE American: ELLO) (TASE: ELLO) ("Ellomay" or the "Company"), a renewable energy and power generator and developer of renewable energy and power projects in Europe and Israel, today announced that at the annual general meeting of the Company's shareholders, held on December 29, 2022 (the "AGM"), the following proposals were adopted and approved by the required majority (including the special majority required in connection with proposals 2-3):

Key Points: 
  • TEL-AVIV, Israel, Dec. 29, 2022 /PRNewswire/ -- Ellomay Capital Ltd. (NYSE American: ELLO) (TASE: ELLO) ("Ellomay" or the "Company"), a renewable energy and power generator and developer of renewable energy and power projects in Europe and Israel, today announced that at the annual general meeting of the Company's shareholders, held on December 29, 2022 (the "AGM"), the following proposals were adopted and approved by the required majority (including the special majority required in connection with proposals 2-3):
    Reelection of Shlomo Nehama, Ran Fridrich, Anita Leviant and Ehud Gil as directors;
    Approval of purchase of directors and officers liability insurance policy;
    Approval of terms of employment of Mr. Asaf Nehama, the son of Mr. Shlomo Nehama, the Company's Chairman of the Board and a controlling shareholder;
    Reappointment of Somekh Chaikin, a member of KPMG International, as the independent auditors of the Company for the fiscal year ending December 31, 2022 and until the next annual general meeting of the Company's shareholders, and authorization of the Board of Directors to approve, following the approval of the Audit Committee, the remuneration of the independent auditors in accordance with the volume and nature of their services; and
    For more information, please see the Company's Notice and Proxy Statement relating to the AGM, submitted on Form 6-K to the Securities and Exchange Commission on November 23, 2022.
  • Ellomay is an Israeli based company whose shares are registered with the NYSE American and with the Tel Aviv Stock Exchange under the trading symbol "ELLO".
  • Since 2009, Ellomay Capital focuses its business in the renewable energy and power sectors in Europe and Israel.
  • For more information about Ellomay, visit http://www.ellomay.com .

Ellomay Capital Ltd. Announces 2022 Annual General Meeting of Shareholders

Retrieved on: 
Thursday, November 24, 2022
Audit committee, NYSE, The Meeting, Security (finance), TASE, Proxy, Auditor's report, NYSE American, Natural gas, Tel Aviv Stock Exchange, Audit, Electricity, Financial statement, Remuneration, Israel Securities Authority, Plant, Severe acute respiratory syndrome coronavirus 2, Power, Meeting, Annual report, KPMG, Documentation, Policy, Form 6-K, Employment, Renewable energy

Shareholders of record as of the close of business on November 28, 2022 will be entitled to vote at the Meeting or any adjournments or postponements thereof.

Key Points: 
  • Shareholders of record as of the close of business on November 28, 2022 will be entitled to vote at the Meeting or any adjournments or postponements thereof.
  • The Company plans to mail a proxy statement that describes the proposals to be considered at the Meeting and a proxy card on or about November 30, 2022.
  • Shareholders wishing to express their position on an agenda item for the Meeting may do so by submitting a written statement to the Company's offices at the above address by December 19, 2022.
  • Eligible shareholders may present proper proposals for inclusion in the Meeting by submitting their proposals to the Company no later than November 30, 2022.