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Ellomay ( (IL:ELLO) ) has provided an update.
Ellomay Capital Ltd. reported its unaudited financial results for the fourth quarter and full year of 2024, revealing a decrease in annual revenues to €40.5 million from €48.8 million in 2023, primarily due to reduced electricity and gas prices in Spain and the Netherlands. Despite a challenging year marked by a fire near its Spanish solar facilities, which resulted in a €1.7 million insurance compensation, the company saw an increase in EBITDA to €25.1 million from €18.8 million in 2023, driven by higher profits from equity accounted investee Dorad Energy Ltd. and the sale of its solar plant in Talmei Yosef.
More about Ellomay
Ellomay Capital Ltd. is a renewable energy and power generator and developer, focusing on renewable energy and power projects across Europe, the USA, and Israel.
YTD Price Performance: -7.65%
Average Trading Volume: 3,850
Technical Sentiment Signal: Buy
Current Market Cap: $194M
Learn more about ELLO stock on TipRanks’ Stock Analysis page.