Exhibit 99.1

Ellomay Capital Reports Publication of Financial Results of Dorad Energy Ltd. for the Three Months

Ended March 31, 2019

Tel-Aviv, Israel, May 30, 2019 – 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 Europe and Israel, today reported the publication in Israel of financial statements for the three months ended March 31, 2019 of Dorad Energy Ltd. (“Dorad”), in which Ellomay currently indirectly holds approximately 9.4%.

On May 29, 2019, Amos Luzon Entrepreneurship and Energy Group Ltd. (f/k/a U. Dori Group Ltd.) (the “Luzon Group”), an Israeli public company that currently holds 50% of U. Dori Energy Infrastructures Ltd. (“Dori Energy”), which, in turn, holds 18.75% of Dorad, published its quarterly report in Israel based on the requirements of the Israeli Securities Law, 1968. Based on applicable regulatory requirements, the quarterly report of the Luzon Group includes the financial statements of Dorad for the same period.

The financial results of Dorad for the quarter ended March 31, 2019 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 June 26, 2019.  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 unaudited revenues for the three months ended March 31, 2019 - approximately NIS 713.1 million.

· Dorad’s unaudited operating profit for the three months ended March 31, 2019 - approximately NIS 115.3 million.

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. Therefore, the results presented for the quarter ended March 31, 2019, which include the winter months of January and February and the intermediate month of March, are not indicative of full year results.

A translation of the financial results for Dorad as of and for the year ended December 31, 2018 and as of and for the three month periods ended March 31, 2018 and 2019 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.

On April 8, 2019, Zorlu Enerji Elektrik Uretim A.S. (“Zorlu”), which owns 25% of Dorad, filed an opening motion with the District Court in Tel Aviv against Dorad and the directors serving on Dorad’s board on behalf of Dori Energy and Eilat Ashkelon Infrastructure Services Ltd. (“EAIS”), which holds 37.5% of Dorad. In the opening motion, Zorlu asks the court to instruct Dorad to convene a shareholders meeting and to include a discussion and a vote on the planning and construction of an additional power plant adjacent to the existing power plant (the “Dorad 2 Project”) on the agenda of this meeting. Zorlu claims that while the articles of association of Dorad provides that the planning and construction of an additional power plant requires a unanimous consent of the Dorad shareholders, and while Zorlu and Edelcom Ltd. (“Edelcom”), which holds 18.75% of Dorad, are opposed to this project, including due to the current disagreements among Dorad’s shareholders, Dorad continued taking actions to advance the project, which include spending substantial amounts our of Dorad’s funds. Zorlu further claims that the representatives of Dori Energy and EAIS on the Dorad board have acted to prevent the convening of a shareholders meeting as requested by Zorlu. On April 16, 2019, Edelcom submitted a request to join the opening motion as an additional respondent as Edelcom claims that it is another shareholder in Dorad that opposes the advancement of the project at this stage. In addition, Edelcom joined Dori Energy and EAIS as additional respondents to its request, claiming that these entities are required to be part of the proceeding in order to reach a complete and efficient resolution. Dori Energy is required to submit its response to Edelcom’s request by June 1, 2019. To the Company’s knowledge, the Dorad 2 Project is currently under internal examination by Dorad and there can be no assurance as to if, when and under what terms it will be advanced or promoted by Dorad.

About Ellomay Capital Ltd.

Ellomay is an Israeli based company whose shares are registered with the NYSE American and with the Tel Aviv Stock Exchange under the trading symbol “ELLO”. Since 2009, Ellomay Capital focuses its business in the renewable energy and power sectors in Europe and Israel.

To date, Ellomay has evaluated numerous opportunities and invested significant funds in the renewable, clean energy and natural resources industries in Israel, Italy and Spain, including:

· Approximately 22.6MW of photovoltaic power plants in Italy, approximately 7.9MW of photovoltaic power plants in Spain and a photovoltaic power plant of approximately 9 MW in Israel;

· 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 850MW, 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 156 MW pumped storage hydro power plant in the Manara Cliff, Israel;

· 51% of Groen Gas Goor B.V. and of Groen Gas Oude-Tonge B.V., project companies developing anaerobic digestion plants with a green gas production capacity of approximately 375 Nm3/h, in Goor, the Netherlands and 475 Nm3/h, in Oude Tonge, the Netherlands, respectively;

· 51% of Talasol, which is involved in a project to construct a photovoltaic plant with a peak capacity of 300MW in the municipality of Talaván, Cáceres, Spain.

Ellomay Capital is controlled by Mr. Shlomo Nehama, Mr. Hemi Raphael and Mr. Ran Fridrich. Mr. Nehama is one of Israel’s prominent businessmen and the former Chairman of Israel’s leading bank, Bank Hapohalim, and Messrs. Raphael and Fridrich both have vast experience in financial and industrial businesses. These controlling shareholders, along with Ellomay’s dedicated professional management, accumulated extensive experience in recognizing suitable business opportunities worldwide. Ellomay believes the expertise of Ellomay’s controlling shareholders and management enables the Company to access the capital markets, as well as assemble global institutional investors and other potential partners. As a result, we believe Ellomay is capable of considering significant and complex transactions, beyond its immediate financial resources.

For more information about Ellomay, visit http://www.ellomay.com.

Information Relating to Forward-Looking Statements

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 our forward-looking statements, such as regulatory changes, 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. These and other risks and uncertainties associated with the Company’s business 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.

Contact:

Kalia Weintraub

CFO

Tel: +972 (3) 797-1111

Email: HilaI@ellomay.com

Dorad Energy Ltd.

Interim Condensed Statements of Financial Position

	March 31		March 31		December 31
	2019			*2018		*2018
	(Unaudited)		(Unaudited)		(Audited)
	NIS thousands		NIS thousands		NIS thousands
Current assets
Cash and cash equivalents		286,798		200,829		117,220
Trade receivables		242,852		285,670		297,997
Other receivables		52,719		57,904		56,417
Financial derivatives		-		2,189		387
Total current assets		582,369		546,592		472,021
Non-current assets
Restricted deposit		427,671		412,752		431,096
Prepaid expenses		41,175		43,292		41,704
Fixed assets		3,819,496		3,999,905		3,869,800
Intangible assets		2,463		5,465		3,265
Right of use assets		54,063		-		-
Total non-current assets		4,344,868		4,461,414		4,345,865
Total assets		4,927,237		5,008,006		4,817,886
Current liabilities
Current maturities of loans from banks		257,502		249,287		217,254
Current maturities of loans from related parties		18,175		110,000		17,805
Current maturities of lease liabilities		4,294		-		-
Trade payables		286,459		305,504		340,829
Other payables		8,141		17,187		5,966
Financial derivatives		111		-		-
Total current liabilities		574,682		681,978		581,854
Non-current liabilities
Loans from banks		3,007,784		3,180,408		3,016,582
Loans from related parties		-		7,764		-
Long-term lease liabilities		46,974		-		-
Provision for dismantling and restoration		35,647		40,070		35,497
Deferred tax liabilities		140,615		108,045		122,803
Liabilities for employee benefits, net		160		160		160
Total non-current liabilities		3,231,180		3,336,447		3,175,042
Equity
Share capital		11		11		11
Share premium		642,199		642,199		642,199
Capital reserve from activities with shareholders		3,748		3,748		3,748
Retained earnings		475,417		343,623		415,032
Total equity		1,121,375		989,581		1,060,990
Total liabilities and equity		4,927,237		5,008,006		4,817,886

* Effective as of January 1, 2019, Dorad applied IFRS 16, Leases. According to the transition method, comparative figureswere not restated.

Dorad Energy Ltd.

Interim Condensed Statements of Income

	For the three months ended				Year ended
	March 31				December 31
	2019			*2018		*2018
	(Unaudited)		(Unaudited)		(Audited)
	NIS thousands		NIS thousands		NIS thousands
Revenues		713,078		684,852		2,628,607
Operating costs of the Power Plant
Energy costs		159,826		146,073		687,431
Electricity purchase and infrastructure services		342,885		326,627		1,194,948
Depreciation and amortization		49,300		52,169		217,795
Other operating costs		40,789		37,294		136,705
Total operating cost of Power Plant		592,800		562,163		2,236,879
Profit from operating the Power Plant		120,278		122,689		391,728
General and administrative expenses		4,972		5,278		20,740
Operating profit		115,306		117,411		370,988
Financing income		1,031		4,231		24,650
Financing expenses		38,139		40,159		227,988
Financing expenses, net		37,108		35,928		203,338
Profit before taxes on income		78,198		81,483		167,650
Taxes on income		17,813		18,747		33,505
Profit for the period		60,385		62,736		134,145

* Effective as of January 1, 2019, Dorad applied IFRS 16, Leases . According to the transition method, comparative figureswere not restated.

Dorad Energy Ltd.

Interim Condensed Statements of Changes in Shareholders’ Equity

					Capital reserve
					for activities
	Share		Share		with		Retained
	capital		premium		shareholders		earnings		Total Equity
	NIS thousands		NIS thousands		NIS thousands		NIS thousands		NIS thousands
For the three months
ended March 31, 2019
(Unaudited)
Balance as at
January 1, 2019 (Audited)		11		642,199		3,748		415,032		1,060,990
Profit for the period		-		-		-		60,385		60,385
Balance as at
March 31, 2019
(Unaudited)		11		642,199		3,748		475,417		1,121,375
For the three months
ended March 31, 2018
(Unaudited)
Balance as at
January 1, 2018 (Audited)		11		642,199		3,748		280,887		926,845
Profit for the period		-		-		-		62,736		62,736
Balance as at
March 31, 2018 *
(Unaudited)		11		642,199		3,748		343,623		989,581
For the year ended
December 31, 2018
(Audited)
Balance as at
January 1, 2018 (Audited)		11		642,199		3,748		280,887		926,845
Profit for the year								134,145		134,145
Balance as at
December 31, 2018 *
(Audited)		11		642,199		3,748		415,032		1,060,990

* Effective as of January 1, 2019, Dorad applied IFRS 16, Leases. According to the transition method, comparative figureswere not restated.

Dorad Energy Ltd.

Interim Condensed Statements of Cash Flows

	For the three months ended						Year ended
	March 31						December 31
	2019				*2018			*2018
	(Unaudited)			(Unaudited)			(Audited)
	NIS thousands			NIS thousands			NIS thousands
Cash flows from operating activities:
Profit for the period		60,385			62,736			134,145
Adjustments:
Depreciation and amortization and fuel consumption		57,368			52,306			223,028
Taxes on income		17,813			18,747			33,505
Financing expenses, net		37,108			35,928			203,338
		112,289			106,981			459,871
Change in trade receivables		55,145			44,727			32,536
Change in other receivables		3,698			12,736			6,119
Change in trade payables		(55,854	)		(118,786	)		(81,273	)
Change in other payables		2,175			11,538			304
		5,164			(49,785	)		(42,314	)
Net cash flows provided by operating activities		177,838			119,932			551,702
Cash flows used in investing activities
Proceeds from (payment for) settlement of financial derivatives		(393	)		74			9,957
Insurance proceeds in respect of damage to fixed asset		-			12,650			20,619
Investment in long-term restricted deposits		-			(5,158	)		(12,158	)
Investment in fixed assets		(4,946	)		(30,951	)		(79,855	)
Investment in intangible assets		-			(119	)		(222	)
Interest received		1,012			777			3,497
Net cash flows used in investing activities		(4,327	)		(22,727	)		(58,162	)
Cash flows from financing activities:
Repayment of loans from related parties		-			(62,802	)		(160,326	)
Repayment of loans from banks		-			-			(181,970	)
Interest paid		(124	)		(18,011	)		(220,765	)
Repayment of lease liability principal		(4,098	)		-			-
Net cash flows used in financing activities		(4,222	)		(80,813	)		(563,061	)
Net increase in cash and cash equivalents
for the period		169,289			16,392			(69,521	)
Effect of exchange rate fluctuations on cash and cash
equivalents		289			255			2,559
Cash and cash equivalents at beginning of period		117,220			184,182			184,182
Cash and cash equivalents at end of period		286,798			200,829			117,220

* Effective as of January 1, 2019, Dorad applied IFRS 16, Leases. According to the transition method, comparative figureswere not restated.