Komemiyut

Ellomay Capital Reports Results for the Fourth Quarter and Full Year of 2023

Retrieved on: 
Sunday, March 31, 2024
Shekel, Season, Tax, Agreement, Dorad Power Station, SWAP, Sale, P-50, Depreciation, Disclosure, Bank statement, RDL, Electricity, Klahim, Legislation, AMPA, Iron, Public expenditure, Good, Israeli new shekel, PPA, Zorlu, Komemiyut, Bank Mizrahi-Tefahot, Acquisition, PV, EBIDTA, Loss, D&O, Greenhouse, Government, Total, Renewable energy

•  Operating expenses were approximately €22.9 million for the year ended December 31, 2023, compared to approximately €23.7 million for the year ended December 31, 2022.

Key Points: 
  • •  Operating expenses were approximately €22.9 million for the year ended December 31, 2023, compared to approximately €23.7 million for the year ended December 31, 2022.
  • •  Project development costs were approximately €4.5 million for the year ended December 31, 2023, compared to approximately €3.8 million for the year ended December 31, 2022.
  • During 2023, the Ellomay Solar project (28 MW) produced revenues from the sale of electricity and green certificates of approximately €4 million.
  • The Company's EBITDA may not be indicative of the Company's historic operating results; nor is it meant to be predictive of potential future results.

Ellomay Capital Reports Results for the Three and Six Months Ended June 30, 2023

Retrieved on: 
Thursday, September 28, 2023
Shekel, Maintenance, Zorlu, Sale, Sharsheret, D&O, Electricity, Bank statement, Tax, Battery, Season, Bank Mizrahi-Tefahot, P-50, Talmei Yosef, RDL, PV, Israeli new shekel, Government, Kilowatt-hour, Public expenditure, Komemiyut, EBITDA, TASE, Depreciation, NIS, Dunam, PPA, Greenhouse, NYSE, Manara, Legislation, Klahim, Renewable energy, Cryptocurrency, Spanish, Dorad Power Station

Revenues were approximately €25.5 million for the six months ended June 30, 2023, compared to approximately €29.2 million for the six months ended June 30, 2022.

Key Points: 
  • Revenues were approximately €25.5 million for the six months ended June 30, 2023, compared to approximately €29.2 million for the six months ended June 30, 2022.
  • Operating expenses were approximately €12 million for the six months ended June 30, 2023, compared to approximately €13.1 million for the six months ended June 30, 2022.
  • General and administrative expenses were approximately €2.9 million for the six months ended June 30, 2023, compared to approximately €3.3 million for the six months ended June 30, 2022.
  • Profit for the six months ended June 30, 2023, was approximately €4.6 million, compared to a loss of approximately €0.6 million for the six months ended June 30, 2022.

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 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.