Ellomay Capital Reports Publication of Financial Statements of Dorad Energy Ltd. for the Three Months Ended March 31, 2024

Core Viewpoint - Ellomay Capital Ltd. reported its indirect share of Dorad Energy Ltd.'s financial results for the quarter ended March 31, 2024, highlighting the company's involvement in renewable energy projects and its financial performance through its stake in Dorad [1][3]. Financial Performance - Dorad's unaudited revenues for the three months ended March 31, 2024, were approximately NIS 610.9 million [4]. - The operating profit for the same period was approximately NIS 118.6 million [4]. - Dorad's revenues are influenced by seasonal electricity demand, with higher consumption during winter and summer months compared to intermediate seasons [5]. Impact of External Factors - The financial statements note the ongoing war situation in Israel, which may have an impact on Dorad's results, although the short-term effect is estimated to be immaterial [6]. - The results for the first quarter of 2024 may not be indicative of future performance due to various factors, including seasonal demand and economic conditions [5][6]. Company Overview - Ellomay Capital focuses on renewable energy and power sectors in Europe and Israel, with significant investments in photovoltaic power plants and other renewable energy projects [8]. - The company holds a 9.375% indirect interest in Dorad Energy Ltd., which operates one of Israel's largest private power plants with a production capacity of approximately 850 MW [8].