In today’s stock market updates, Ellomay Capital (ELLO) released its financial results for Q1 2024, revealing a significant decline in revenues and a shift to a net loss. Total assets grew to €666.8 million from €612.9 million in December 2023. However, revenues dropped to €8.2 million, down from €11.7 million in Q1 2023, mainly due to lower electricity prices in Spain. The company reported a net loss of €4.9 million compared to a net profit of €3.3 million a year earlier. Additionally, EBITDA decreased to €1.6 million from €4.2 million. Despite these challenges, Ellomay completed the sale of its 9 MW solar plant for €10.6 million and highlighted ongoing project developments in the USA, Italy, and Israel, alongside financing activities that raised approximately €49.4 million through the issuance of Series F Debentures. Read More
Stock Market News 2024-06-30
8 news published.
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