TASE Israel: ELLO

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NYSE American: ELLO

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ellomay Investors Relations

Ellomay Capital Ltd., an Israeli based public company, whose shares are registered with the NYSE American and with the Tel Aviv Stock Exchange under the trading symbol “ELLO”, is a renewable energy and power generator and developer of renewable energy and power projects in Europe and Israel

Financial Highlights

Revenues were approximately €6.8 million for the nine months ended September 30, 2020, compared to approximately €15.4 million for the nine months ended September 30, 2019. The decrease in revenues is mainly due to the sale of ten Italian indirectly wholly-owned subsidiaries of the Company, which held twelve photovoltaic plants in Italy with an aggregate installed capacity of approximately 22.6 MWp (the “Italian PV Portfolio”), consummated during December 2019. A small portion of the decrease in revenues for the nine months ended September 30, 2020 resulted from the decrease in demand and prices of the European electricity markets due to the Covid-19 crisis, partially offset by increase in revenues in one of the Company’s biogas
facilities in the Netherlands resulting from increased operational efficiency

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