Exhibit 99.1. |
Press Release: “Ellomay Capital Reports Results for the Fourth Quarter and Full Year of 2016,” dated March 31, 2017.
|
Exhibit 99.2 |
Press Release: “Ellomay Capital Announces the Filing of the Annual Report on Form 20-F for 2016,” dated March 31, 2017.
|
Exhibit 99.3. |
2016 Investor Presentation.
|
Ellomay Capital Ltd.
|
|
By: /s/ Ran Fridrich
|
|
Ran Fridrich
|
|
Chief Executive Officer and Director
|
· |
Revenues were approximately $12.9 million (€11.6 million) for the year ended December 31, 2016, compared to approximately $13.8 million (€12.5 million) for the year ended December 31, 2015. The decrease in revenues is mainly a result of relatively lower electricity spot prices and radiation levels during the year ended December 31, 2016 compared to the year ended December 31, 2015, which was characterized by relatively high levels of radiation.
|
· |
Operating expenses were approximately $2.3 million (€2.1 million) for the year ended December 31, 2016, compared to approximately $2.9 million (€2.6 million) for the year ended December 31, 2015. The decrease in operating expenses is mainly attributable to the reduction of municipal taxes paid by the Company’s Italian subsidiaries as a result of legislation adopted in 2016. Depreciation expenses were approximately $4.9 million (€4.4 million) for both the year ended December 31, 2016 and the year ended December 31, 2015.
|
· |
General and administrative expenses were approximately $4.7 million for the year ended December 31, 2016, compared to approximately $3.7 million for the year ended December 31, 2015. The increase is mainly due to (i) expenses in connection with consulting services with respect to potential acquisitions and (ii) capital expenditures in the amount of $1.8 million in connection with the Manara Project, recorded in the general and administrative expenses. These amounts were partially offset by a decrease in salaries and related compensation costs following the termination of employment of one of the Company’s senior employees in October 2015.
|
· |
Share of profits of equity accounted investee, after elimination of intercompany transactions, was approximately $1.5 million in the year ended December 31, 2016, compared to approximately $2.4 million in the year ended December 31, 2015. The decrease was mainly due to an update of the deferred taxes of Dorad resulting from the change in the applicable tax rates, the decrease in the electricity tariffs in February and September 2015, as well as the timing differences between the reduction in the tariffs and the decrease in the price of gas.
|
· |
Other income, net was approximately $0.1 million in the year ended December 31, 2016, compared to approximately $0.02 million in the year ended December 31, 2015. Other income was primarily attributable to compensation to be received in connection with a pumped storage project in the Gilboa, Israel initially recognized in 2014. The revaluation of such financial asset is recognized as other income for the years ended December 31, 2015 and 2016.
|
· |
Financing expenses, net was approximately $3.1 million for the year ended December 31, 2016, compared to financing income, net of approximately $0.6 million for the year ended December 31, 2015. The change in financing expenses was mainly due to income derived from the reevaluation of the Company’s EUR/USD forward transactions, the Company’s currency interest rate swap transactions and the Company’s interest rate swap transactions in the aggregate amount of approximately $3.5 million during the year ended December 31, 2015, compared to $0.7 million during the year ended December 31, 2016.
|
· |
Taxes on income were approximately $0.6 million in the year ended December 31, 2016, compared to tax benefit of approximately $1.9 million in the year ended December 31, 2015. The tax benefit for the year ended December 31, 2015 resulted mainly from deferred tax income included in connection with the application of a tax incentive claimable upon filing the relevant tax return by reducing the amount of taxable profit.
|
· |
Loss for the year was approximately $1.1 million in the year ended December 31, 2016, compared to net income of approximately $7.3 million for the year ended December 31, 2015.
|
· |
Total other comprehensive loss was approximately $1.8 million for the year ended December 31, 2016, compared to approximately $7.1 million in the year ended December 31, 2015. The change was mainly due to presentation currency translation adjustments as a result of fluctuations in the Euro/USD exchange rates. Such loss is a result of the devaluation in the Euro against the U.S. Dollar of approximately 10.4% for the year ended December 31, 2015, compared to approximately 3.4% for the year ended December 31, 2016.
|
· |
Total comprehensive loss was approximately $2.9 million in the year ended December 31, 2016, compared to income of approximately $0.2 million in the year ended December 31, 2015.
|
· |
EBITDA was approximately $7.5 million for the year ended December 31, 2016, compared to approximately $9.7 million for the year ended December 31, 2015.
|
· |
Net cash from operating activities was approximately $8.2 million for the year ended December 31, 2016, compared to $4.9 million for the year ended December 31, 2015. The increase in net cash from operating activities is mainly attributable to interest payment received on a loan to an equity accounted investee amounting to approximately $5 million.
|
· |
As of March 1, 2017, we held approximately $27.9 million in cash and cash equivalents, approximately $0.2 million in short-term restricted cash, approximately $1 million in marketable securities and approximately $1.9 million in long-term restricted cash.
|
· |
Approximately 22.6MW of photovoltaic power plants in Italy and approximately 7.9MW of photovoltaic power plants in Spain;
|
· |
9.375% indirect interest in Dorad Energy Ltd., which owns and operates one of Israel’s largest private power plants with production capacity of approximately 850 MW, representing about 6%-8% of Israel’s total current electricity consumption;
|
· |
75% of Chashgal Elyon Ltd., Agira Sheuva Electra, L.P. and Ellomay Pumped Storage (2014) Ltd., all of which are involved in a project to construct a 340 MW pumped storage hydro power plant in the Manara Cliff, Israel;
|
· |
51% of Groen Gas Goor B.V., a project company developing an anaerobic digestion plant, with a green gas production capacity of approximately 375 Nm3/h, in Goor, the Netherlands.
|
December 31
|
December 31
|
|||||||
2016
|
2015
|
|||||||
US$ in thousands
|
||||||||
Assets
|
||||||||
Current assets:
|
||||||||
Cash and cash equivalents
|
23,650
|
18,717
|
||||||
Marketable securities
|
1,023
|
6,499
|
||||||
Restricted cash
|
16
|
79
|
||||||
Trade and other receivables
|
9,952
|
8,218
|
||||||
34,641
|
33,513
|
|||||||
Non-current assets
|
||||||||
Investment in equity accounted investee
|
30,788
|
33,970
|
||||||
Advances on account of investments
|
905
|
-
|
||||||
Financial assets
|
1,330
|
4,865
|
||||||
Fixed assets
|
77,066
|
78,975
|
||||||
Restricted cash and deposits
|
5,399
|
5,317
|
||||||
Deferred tax
|
2,614
|
2,840
|
||||||
Long term receivables
|
3,431
|
847
|
||||||
121,533
|
126,814
|
|||||||
Total assets
|
156,174
|
160,327
|
||||||
Liabilities and Equity
|
||||||||
Current liabilities
|
||||||||
Current maturities of long term loans
|
1,150
|
1,133
|
||||||
Debentures
|
4,989
|
4,878
|
||||||
Trade payables
|
1,684
|
869
|
||||||
Other payables
|
3,279
|
3,223
|
||||||
11,102
|
10,103
|
|||||||
Non-current liabilities
|
||||||||
Finance lease obligations
|
4,228
|
4,724
|
||||||
Long-term loans
|
17,837
|
13,043
|
||||||
Debentures
|
30,548
|
35,074
|
||||||
Deferred tax
|
925
|
823
|
||||||
Other long-term liabilities
|
2,764
|
2,495
|
||||||
56,302
|
56,159
|
|||||||
Total liabilities
|
67,404
|
66,262
|
||||||
Equity
|
||||||||
Share capital
|
26,597
|
26,597
|
||||||
Share premium
|
77,727
|
77,723
|
||||||
Treasury shares
|
(1,985
|
)
|
(1,972
|
)
|
||||
Reserves
|
(17,024
|
)
|
(15,215
|
)
|
||||
Retained earnings
|
4,191
|
7,200
|
||||||
Total equity attributed to shareholders of the Company
|
89,506
|
94,333
|
||||||
Non-Controlling Interest
|
(736
|
)
|
(268
|
)
|
||||
Total equity
|
88,770
|
94,065
|
||||||
Total liabilities and equity
|
156,174
|
160,327
|
For the year ended December 31
2016
|
For the three month ended December 31 2016
|
For the year ended December 31
2015
|
For the three month ended December 31 2015
|
|||||||||||||
US$ in thousands (except per share data)
|
||||||||||||||||
Revenues
|
12,872
|
2,298
|
13,817
|
2,204
|
||||||||||||
Operating expenses
|
(2,305
|
)
|
(447
|
)
|
(2,854
|
)
|
(924
|
)
|
||||||||
Depreciation expenses
|
(4,884
|
)
|
(1,230
|
)
|
(4,912
|
)
|
(1,218
|
)
|
||||||||
Gross profit
|
5,683
|
621
|
6,051
|
62
|
||||||||||||
General and administrative expenses
|
(4,679
|
)
|
(1,320
|
)
|
(3,745
|
)
|
(1,010
|
)
|
||||||||
Share of profits (losses) of equity accounted investee
|
1,505
|
408
|
2,446
|
1,334
|
||||||||||||
Other income, net
|
99
|
14
|
21
|
(39
|
)
|
|||||||||||
Operating Profit
|
2,608
|
(277
|
)
|
4,773
|
347
|
|||||||||||
Financing income
|
290
|
301
|
2,347
|
1,977
|
||||||||||||
Financing income (expenses) in connection with derivatives, net
|
704
|
2,162
|
3,485
|
(1,011
|
)
|
|||||||||||
Financing expenses
|
(4,050
|
)
|
(997
|
)
|
(5,240
|
)
|
(1,314
|
)
|
||||||||
Financing income (expenses), net
|
(3,056
|
)
|
1,466
|
592
|
(348
|
)
|
||||||||||
Profit before taxes on income
|
(448
|
)
|
1,189
|
5,365
|
(1
|
)
|
||||||||||
Tax benefit (taxes on income)
|
(625
|
)
|
(57
|
)
|
1,933
|
(189
|
)
|
|||||||||
Profit (loss) for the year
|
(1,073
|
)
|
1,132
|
7,298
|
(190
|
)
|
||||||||||
Profit (Loss) attributable to:
|
||||||||||||||||
Owners of the Company
|
(605
|
)
|
1,305
|
7,553
|
(119
|
)
|
||||||||||
Non-controlling interests
|
(468
|
)
|
(173
|
)
|
(255
|
)
|
(71
|
)
|
||||||||
Profit for the period
|
(1,073
|
)
|
1,132
|
7,298
|
(190
|
)
|
||||||||||
Other comprehensive income (loss) items that after initial recognition in comprehensive income (loss) were or will be transferred to profit or loss:
|
||||||||||||||||
Foreign currency translation differences for foreign operations
|
(267
|
)
|
432
|
(141
|
)
|
78
|
||||||||||
Other comprehensive income items that will not be transferred to profit or loss:
|
||||||||||||||||
Presentation currency translation adjustments
|
(1,542
|
)
|
(4,706
|
)
|
(6,947
|
)
|
(1,979
|
)
|
||||||||
Total other comprehensive income (loss)
|
(1,809
|
)
|
(4,274
|
)
|
(7,088
|
)
|
1,901
|
|||||||||
Total comprehensive income (loss) for the year
|
(2,882
|
)
|
(3,142
|
)
|
210
|
(2,091
|
)
|
|||||||||
Earnings per share
|
||||||||||||||||
Basic earnings per share
|
(0.06
|
)
|
0.12
|
0.7
|
(0.02
|
)
|
||||||||||
Diluted earnings per share
|
(0.06
|
)
|
0.12
|
0.7
|
(0.02
|
)
|
Non- controlling
|
Total
|
|||||||||||||||||||||||||||||||||||
Attributable to shareholders of the Company
|
Interests
|
Equity
|
||||||||||||||||||||||||||||||||||
Translation
|
||||||||||||||||||||||||||||||||||||
Share
|
Share
|
Retained earnings (accumulated
|
Treasury
|
reserve
from
foreign
|
Presentation
Currency
Translation
|
|||||||||||||||||||||||||||||||
capital
|
premium
|
deficit)
|
shares
|
Operations
|
Reserve
|
Total
|
||||||||||||||||||||||||||||||
US$ in thousands
|
||||||||||||||||||||||||||||||||||||
Balance as at
|
||||||||||||||||||||||||||||||||||||
January 1, 2016
|
26,597
|
77,723
|
7,200
|
(1,972
|
)
|
814
|
(16,029
|
)
|
94,333
|
(268
|
)
|
94,065
|
||||||||||||||||||||||||
Loss for the year
|
-
|
-
|
(605
|
)
|
-
|
-
|
-
|
(605
|
)
|
(468
|
)
|
(1,073
|
)
|
|||||||||||||||||||||||
Other comprehensive loss for the year
|
-
|
-
|
-
|
-
|
(267
|
)
|
(1,542
|
)
|
(1,809
|
)
|
-
|
(1,809
|
)
|
|||||||||||||||||||||||
Total comprehensive loss for the year
|
-
|
-
|
(605
|
)
|
-
|
(267
|
)
|
(1,542
|
)
|
(2,414
|
)
|
(468
|
)
|
(2,882
|
)
|
|||||||||||||||||||||
Transactions with owners of the Company, recognized directly in equity:
|
||||||||||||||||||||||||||||||||||||
Dividends to owners
|
-
|
-
|
(2,404
|
)
|
-
|
-
|
-
|
(2,404
|
)
|
-
|
(2,404
|
)
|
||||||||||||||||||||||||
Own shares acquired
|
-
|
-
|
-
|
(13
|
)
|
-
|
-
|
(13
|
)
|
-
|
(13
|
)
|
||||||||||||||||||||||||
Share-based payments
|
-
|
4
|
-
|
-
|
-
|
-
|
4
|
-
|
4
|
|||||||||||||||||||||||||||
Balance as at
|
||||||||||||||||||||||||||||||||||||
December 31, 2016
|
26,597
|
77,727
|
4,191
|
(1,985
|
)
|
547
|
(17,571
|
)
|
89,506
|
(736
|
)
|
88,770
|
||||||||||||||||||||||||
Balance as at
|
||||||||||||||||||||||||||||||||||||
September 30, 2016
|
26,597
|
77,724
|
2,886
|
(1,983
|
)
|
115
|
(12,865
|
)
|
92,474
|
(563
|
)
|
91,911
|
||||||||||||||||||||||||
Net loss for the year
|
-
|
-
|
1,305
|
-
|
-
|
-
|
1,305
|
(173
|
)
|
1,132
|
||||||||||||||||||||||||||
Other comprehensive loss
|
-
|
-
|
-
|
-
|
432
|
(4,706
|
)
|
(4,274
|
)
|
-
|
(4,274
|
)
|
||||||||||||||||||||||||
Total comprehensive income
|
-
|
-
|
1,305
|
-
|
432
|
(4,706
|
)
|
(2,969
|
)
|
(173
|
)
|
(3,142
|
)
|
|||||||||||||||||||||||
Transactions with owners of the Company, recognized directly in equity:
|
||||||||||||||||||||||||||||||||||||
Own shares acquired
|
-
|
-
|
-
|
(2
|
)
|
-
|
-
|
(2
|
)
|
-
|
(2
|
)
|
||||||||||||||||||||||||
Cost of share-based payments
|
-
|
3
|
-
|
-
|
-
|
-
|
3
|
-
|
3
|
|||||||||||||||||||||||||||
Balance as at
|
||||||||||||||||||||||||||||||||||||
December 31, 2016
|
26,597
|
77,727
|
4,191
|
(1,985
|
)
|
547
|
(17,571
|
)
|
89,506
|
(736
|
)
|
88,770
|
Non-
controlling
|
Total
|
|||||||||||||||||||||||||||||||||||
Attributable to shareholders of the Company
|
Interests
|
Equity
|
||||||||||||||||||||||||||||||||||
Translation
|
||||||||||||||||||||||||||||||||||||
Share
|
Share
|
Retained earnings (accumulated
|
Treasury
|
reserve
from
foreign
|
Presentation
Currency
Translation
|
|||||||||||||||||||||||||||||||
capital
|
premium
|
deficit)
|
shares
|
Operations
|
Reserve
|
Total
|
||||||||||||||||||||||||||||||
US$ in thousands
|
||||||||||||||||||||||||||||||||||||
Balance as at
January 1, 2015
|
26,180
|
76,932
|
(353
|
)
|
(522
|
)
|
955
|
(9,082
|
)
|
94,110
|
16
|
94,126
|
||||||||||||||||||||||||
Net income for the year
|
-
|
-
|
7,553
|
-
|
-
|
-
|
7,553
|
(255
|
)
|
7,298
|
||||||||||||||||||||||||||
Acquisition of subsidiary
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(29
|
)
|
(29
|
)
|
|||||||||||||||||||||||||
Other comprehensive loss
|
-
|
-
|
-
|
-
|
(141
|
)
|
(6,947
|
)
|
(7,088
|
)
|
-
|
(7,088
|
)
|
|||||||||||||||||||||||
Total comprehensive loss for the year
|
-
|
-
|
7,553
|
-
|
(141
|
)
|
(6,947
|
)
|
465
|
(284
|
)
|
181
|
||||||||||||||||||||||||
Transactions with owners of the Company, recognized directly in equity:
|
||||||||||||||||||||||||||||||||||||
Exercise of share options and warrants
|
417
|
784
|
-
|
-
|
-
|
-
|
1,201
|
-
|
1,201
|
|||||||||||||||||||||||||||
Own shares acquired
|
-
|
-
|
-
|
(1,450
|
)
|
-
|
-
|
(1,450
|
)
|
-
|
(1,450
|
)
|
||||||||||||||||||||||||
Share-based payments
|
-
|
7
|
-
|
-
|
-
|
-
|
7
|
-
|
7
|
|||||||||||||||||||||||||||
Balance as at
|
||||||||||||||||||||||||||||||||||||
December 31, 2015
|
26,597
|
77,723
|
7,200
|
(1,972
|
)
|
814
|
(16,029
|
)
|
94,333
|
(268
|
)
|
94,065
|
||||||||||||||||||||||||
Balance as at
September 30, 2015
|
26,597
|
77,795
|
(7,319
|
)
|
(1,086
|
)
|
(736
|
)
|
14,050
|
97,311
|
197
|
97,143
|
||||||||||||||||||||||||
Net loss for the period
|
-
|
-
|
119
|
-
|
-
|
-
|
119
|
71
|
190
|
|||||||||||||||||||||||||||
Other comprehensive income
|
-
|
-
|
-
|
-
|
(78
|
)
|
1,979
|
1,901
|
-
|
1,901
|
||||||||||||||||||||||||||
Total comprehensive income
|
-
|
-
|
119
|
-
|
(78
|
)
|
1,979
|
2,020
|
71
|
2,091
|
||||||||||||||||||||||||||
Transactions with owners of the Company, recognized directly in equity:
|
||||||||||||||||||||||||||||||||||||
Own shares acquired
|
-
|
-
|
-
|
886
|
-
|
-
|
886
|
-
|
886
|
|||||||||||||||||||||||||||
Cost of share-based payments
|
-
|
72
|
-
|
-
|
-
|
-
|
72
|
-
|
72
|
|||||||||||||||||||||||||||
Balance as at
|
||||||||||||||||||||||||||||||||||||
December 31, 2015
|
26,597
|
77,723
|
7,200
|
(1,972
|
)
|
814
|
(16,029
|
)
|
94,333
|
(268
|
)
|
94,065
|
For the year ended December 31
2016
|
For the three month ended December 31
2016
|
For the year ended December 31
2015
|
For the three month ended December 31
2015
|
|||||||||||||
US$ in thousands
|
||||||||||||||||
Cash flows from operating activities
|
||||||||||||||||
Profit (loss) for the period
|
(1,073
|
)
|
1,132
|
7,298
|
(190
|
)
|
||||||||||
Adjustments for:
|
||||||||||||||||
Net Financing expenses (income)
|
3,056
|
(1,466
|
)
|
(592
|
)
|
348
|
||||||||||
Forward gain
|
-
|
-
|
-
|
(223
|
)
|
|||||||||||
Depreciation
|
4,884
|
1,230
|
4,912
|
1,218
|
||||||||||||
Share-based payment transactions
|
4
|
3
|
7
|
(72
|
)
|
|||||||||||
Share of profits of equity accounted investees
|
(1,505
|
)
|
(408
|
)
|
(2,446
|
)
|
(1,334
|
)
|
||||||||
Payment of interest on loan from an equity accounted investee
|
5,134
|
-
|
-
|
-
|
||||||||||||
Change in trade receivables and other receivables
|
(1,798
|
)
|
(822
|
)
|
458
|
412
|
||||||||||
Change in other assets
|
(805
|
)
|
(268
|
)
|
(1,706
|
)
|
478
|
|||||||||
Change in accrued severance pay, net
|
(18
|
)
|
(18
|
)
|
(1
|
)
|
-
|
|||||||||
Change in trade payables
|
850
|
728
|
(252
|
)
|
(181
|
)
|
||||||||||
Change in other payables
|
1,955
|
1,889
|
2,311
|
1,058
|
||||||||||||
Income tax expense (tax benefit)
|
625
|
57
|
(1,933
|
)
|
189
|
|||||||||||
Income taxes paid
|
(54
|
)
|
(54
|
)
|
(241
|
)
|
(53
|
)
|
||||||||
Interest received
|
251
|
75
|
222
|
113
|
||||||||||||
Interest paid
|
(3,300
|
)
|
(1.379
|
)
|
(3,126
|
)
|
(1,438
|
)
|
||||||||
9,279
|
(433
|
)
|
(2,387
|
)
|
515
|
|||||||||||
Net cash from operating activities
|
8,206
|
699
|
4,911
|
325
|
For the year ended December 31
2016
|
For the three month ended December 31
2016
|
For the year ended December 31
2015
|
For the three month ended December 31
2015
|
|||||||||||||
US$ in thousands
|
||||||||||||||||
Cash flows from investing activities:
|
||||||||||||||||
Acquisition of fixed assets
|
(5,388
|
)
|
(4,254
|
)
|
-
|
-
|
||||||||||
Investment in of equity accounted investee
|
(803
|
)
|
-
|
(7,582
|
)
|
(39
|
)
|
|||||||||
Advances on account of investments
|
(905
|
)
|
-
|
-
|
-
|
|||||||||||
Repayment of loan from an equity accounted investee
|
2,638
|
-
|
-
|
-
|
||||||||||||
Proceeds from (investment in) deposits, net
|
-
|
-
|
3,980
|
-
|
||||||||||||
Acquisition of marketable securities
|
(1,022
|
)
|
-
|
(2,869
|
)
|
(1,519
|
)
|
|||||||||
Proceeds from marketable securities
|
6,511
|
4,500
|
-
|
-
|
||||||||||||
Payment/proceeds from settlement of derivatives, net
|
-
|
-
|
2,087
|
2,087
|
||||||||||||
Decrease (increase) in restricted cash, net
|
(31
|
)
|
781
|
(101
|
)
|
605
|
||||||||||
Net cash used in investing activities
|
1,000
|
1,027
|
(4,485
|
)
|
1,134
|
|||||||||||
Cash flows from financing activities:
|
||||||||||||||||
Acquisition of non-controlling interests
|
-
|
-
|
(868
|
)
|
(868
|
)
|
||||||||||
Dividends paid
|
(2,404
|
)
|
-
|
-
|
-
|
|||||||||||
Repayment of long-term loans and finance lease obligations
|
(1,169
|
)
|
(433
|
)
|
(1,020
|
)
|
(126
|
)
|
||||||||
Repayment of Debentures
|
(5,210
|
)
|
(5,210
|
)
|
(5,134
|
)
|
(5,134
|
)
|
||||||||
Proceeds from exercise of share options and warrants
|
-
|
-
|
1,201
|
-
|
||||||||||||
Repurchase of own shares
|
(13
|
)
|
(2
|
)
|
(1,450
|
)
|
(886
|
)
|
||||||||
Long term loans received
|
6,001
|
5,819
|
11,715
|
651
|
||||||||||||
Proceeds from issuance of debentures, net
|
-
|
-
|
-
|
-
|
||||||||||||
Net cash from financing activities
|
(2,795
|
)
|
174
|
4,444
|
(6,363
|
)
|
||||||||||
Effect of exchange rate fluctuations on cash and
|
||||||||||||||||
cash equivalents
|
(1,478
|
)
|
(1,934
|
)
|
(1,911
|
)
|
(951
|
)
|
||||||||
Increase (decrease) in cash and cash equivalents
|
4,933
|
(34
|
)
|
2,959
|
(5,855
|
)
|
||||||||||
Cash and cash equivalents at the beginning of period
|
18,717
|
23,684
|
15,758
|
24,572
|
||||||||||||
Cash and cash equivalents at the end of the period
|
23,650
|
23,650
|
18,717
|
18,717
|
||||||||||||
For the year
ended
December 31
2016
|
For the three months ended
December 31
2016
|
For the year
ended
December 31
2015
|
For the three months ended
December 31
2015
|
|||||||||||||
US$ in thousands
|
||||||||||||||||
Net income (loss) for the period
|
(1,073
|
)
|
1,132
|
7,298
|
(190
|
)
|
||||||||||
Financing expenses (income), net
|
3,056
|
(1,466
|
)
|
(592
|
)
|
348
|
||||||||||
Taxes on income (Tax benefit)
|
625
|
57
|
(1,933
|
)
|
189
|
|||||||||||
Depreciation and amortization
|
4,884
|
1,230
|
4,912
|
1,218
|
||||||||||||
EBITDA
|
7,492
|
953
|
9,685
|
1,565
|
· |
Approximately 22.6MW of photovoltaic power plants in Italy and approximately 7.9MW of photovoltaic power plants in Spain;
|
· |
9.375% indirect interest in Dorad Energy Ltd., which owns and operates one of Israel’s largest private power plants with production capacity of approximately 850 MW, representing about 6%-8% of Israel’s total current electricity consumption;
|
· |
75% of Chashgal Elyon Ltd., Agira Sheuva Electra, L.P. and Ellomay Pumped Storage (2014) Ltd., all of which are involved in a project to construct a 340 MW pumped storage hydro power plant in the Manara Cliff, Israel;
|
· |
51% of Groen Gas Goor B.V., a project company developing an anaerobic digestion plant, with a green gas production capacity of approximately 375 Nm3/h, in Goor, the Netherlands.
|
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