Tel Aviv, İsrail, 25 Mart, 2021 / PRNewswire / - Ellomay Capital Ltd. (NYSE American; TASE: ELLO) (“Ellomay” or the “Company”), a renewable energy and power generator and developer of renewable energy and power projects in AVRUPA ve Israil, today reported the publication in Israil of financial statements for the year ended 31 Aralık 2020 of Dorad Energy Ltd. (“dorad“), in which Ellomay currently indirectly holds approximately 9.4% through its indirect 50% ownership of U. Dori Energy Infrastructures Ltd. (“Dori Energy").

On 24 Mart, 2021 , Amos Luzon Entrepreneurship and Energy Group Ltd. (f/k/a U. Dori Group Ltd.) (the “Luzon Group“), an Israeli public company that currently holds the remaining 50% of Dori Energy, which, in turn, holds 18.75% of Dorad, published its annual report in Israil based on the requirements of the Israeli Securities Law, 1968. 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 31 Aralık 2020 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 results for this period, which are currently expected to be published on or about 31 Mart, 2021 and will include the financial statements of Dorad in its annual report on Form 20-F for the year ended Aralık 31, 2020.  In an effort to provide Ellomay’s shareholders with access to Dorad’s financial results (which were published in Hebrew), Ellomay hereby provides a convenience translation of Dorad’s financial results.

Dorad Financial Highlights

• Dorad’s revenues for the year ended 31 Aralık 2020 - yaklaşık olarak NIS 2,407 milyon.
• Dorad’s operating profit for the year ended 31 Aralık 2020 - yaklaşık olarak NIS 283 milyon.

Dorad’s financial statements for the year ended 31 Aralık 2020 note that following the outbreak of the coronavirus (COVID-19) in Çin in Aralık 2019, and the spreading of the coronavirus to many other countries in early 2020, there has been a decline in economic activity in many regions of the world, as well as in Israil. The spreading of the coronavirus caused, among other things, a disruption in the supply chain, a decrease in global transport volume, traffic and employment restrictions declared by the Israeli government and other governments around the world, as well as declines in the value of financial assets and commodities in markets in Israil and around the world. Dorad notes that it is operating in accordance with the guidelines of the Israeli Ministries of Energy and Health on dealing with the coronavirus crisis, including preparations of the operation and maintenance employees of the power plant and shift work as required. Dorad’s financial statements further note that in light of the crisis, there is a certain decrease in the electricity consumption of various customers, and there is also a certain decrease in the demand of the Israel Electric Company and such reduction has not resulted in a material effect at this time. Dorad notes that it is continuously examining its potential methods of action in the event of a material decline in its income as a result of the spread of the coronavirus.

Based on the information provided by Dorad, the demand for electricity by Dorad’s customers is seasonal and is affected by, inter alia, the climate prevailing in that season. The months of the year are split into three seasons as follows: the summer season – the months of July and August; the winter season – the months of December, January and February; and intermediate seasons – (spring and autumn), the months from March to June and from September to November. There is a higher hourly demand for electricity during the winter and summer seasons, and the average electricity consumption per hour is higher in these seasons than in the intermediate seasons and is even characterized by peak demands due to extreme climate conditions of heat or cold. In addition, Dorad’s revenues are affected by the change in load and time tariffs – TAOZ (an electricity tariff that varies across seasons and across the day in accordance with demand hour clusters), as, on average, TAOZ tariffs are higher in the summer season than in the intermediate and winter seasons. Due to various reasons, including the effects of the spread of COVID-19 and the economic impact of such spread and of actions taken by governments and authorities, the results included herein may not be indicative of full year results in the future.

A translation of the financial results for Dorad as of 31 Aralık 2019 and 2020 and as of and for the years ended 31 Aralık 2018, 2019 and 2020 is included at the end of this press release. Ellomay does not undertake to separately report Dorad’s financial results in a press release in the future. Neither Ellomay nor its independent public accountants have reviewed or consulted with the Amos Luzon Entrepreneurship and Energy Group Ltd., Dori Energy or Dorad with respect to the financial results included in this press release.

Ellomay Capital Ltd.Hakkında

Ellomay, hisseleri NYSE American ve Tel Aviv Borsası'nda "ELLO" ticari sembolü altında kayıtlı olan İsrail merkezli bir şirkettir. Ellomay Capital, 2009 yılından bu yana işini yenilenebilir enerji ve enerji sektörlerine odaklamaktadır. AVRUPA ve Israil.

Ellomay bugüne kadar çok sayıda fırsatı değerlendirdi ve yenilenebilir, temiz enerji ve doğal kaynaklar sektörlerine önemli fonlar yatırdı. Israil, İtalya ve ispanyaDahil olmak üzere:

• Yaklaşık 7.9 MW'lık fotovoltaik enerji santrali ispanya ve yaklaşık 9 MW'lık bir fotovoltaik santral Israil;
• Aşağıdakilerden birinin sahibi ve işletmecisi olan Dorad Energy Ltd.'de% 9.375 dolaylı pay İsrail'in Yaklaşık 860 MW'lık üretim kapasitesine sahip en büyük özel santraller, yaklaşık% 6-% 8'i temsil eder. İsrail'in toplam mevcut elektrik tüketimi;
• Cáceres, Talaván belediyesinde 51 MW'lık tepe kapasiteli bir fotovoltaik tesise sahip olan Talasol'un% 300'i, ispanya;
• Groen Gas Goor BV, Groen Gas Oude-Tonge BV ve Groen Gas Gelderland BV, anaerobik çürütme tesisleri işleten proje şirketleri Hollandayılda yaklaşık 3 milyon, 3.8 milyon ve 9.5 milyon (7.5 milyon üretim lisansı ile) Nm3 yeşil gaz üretim kapasitesi ile;
• Manara Cliff'te 83.333 MW'lık bir pompalı depolama hidroelektrik santrali inşa etme projesinde yer alan Ellomay Pumped Storage (2014) Ltd.'nin% 156'ü, Israil.

Ellomay hakkında daha fazla bilgi için şu adresi ziyaret edin: http://www.ellomay.com.

İleriye Dönük Beyanlara İlişkin Bilgiler

This press release contains forward-looking statements that involve substantial risks and uncertainties, including statements that are based on the current expectations and assumptions of the Company’s management. All statements, other than statements of historical facts, included in this press release regarding the Company’s plans and objectives, expectations and assumptions of management are forward-looking statements.  The use of certain words, including the words “estimate,” “project,” “intend,” “expect,” “believe” and similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  The Company may not actually achieve the plans, intentions or expectations disclosed in the forward-looking statements and you should not place undue reliance on the Company’s forward-looking statements. Various important factors could cause actual results or events to differ materially from those that may be expressed or implied by the Company’s forward-looking statements, including regulatory changes, the decisions of the Israeli Electricity Authority, changes in demand, technical and other disruptions in the operations of the power plant operated by Dorad and changes in the prices of natural gas and the impact of the coronavirus pandemic on Dorad’s operations and projects, including in connection with reductions in the consumption of electricity by Dorad’s customers and the Israeli Electricity Company, delays in supply of gas, steps taken by Israeli authorities, regulatory changes, changes in the supply and prices of resources required for the operation of the Dorad’s facilities (and in the price of oil and electricity, and technical and other disruptions in the operation of Dorad), in addition to other risks and uncertainties associated with the Company’s business that are described in greater detail in the filings the Company makes from time to time with Securities and Exchange Commission, including its Annual Report on Form 20-F. The forward-looking statements are made as of this date and the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

İletişim
Kalia Weintraub
CFO
Tel: + 972 (3) 797-1111
E-posta: [e-posta korumalı]

KAYNAK Ellomay Capital Ltd

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