Ellomay Capital Ltd. Files 2023 Annual Report on Form 20-F

TL;DR

<b>Ellomay Capital Ltd. has filed its 2023 annual report on Form 20-F, detailing its financial performance and corporate information.</b>

AI Summary

Ellomay Capital Ltd. (ELLO) filed a Foreign Annual Report (20-F) with the SEC on April 18, 2024. Ellomay Capital Ltd. filed its annual report on Form 20-F for the fiscal year ended December 31, 2023. The company is registered with the SEC under file number 001-35284. Its ordinary shares, par value NIS 10.00 per share, are traded on the NYSE American LLC under the symbol ELLO. As of December 31, 2023, Ellomay Capital Ltd. had 12,852,585 ordinary shares outstanding. The company's principal executive offices are located at 18 Rothschild Boulevard, Tel Aviv, Israel.

Why It Matters

For investors and stakeholders tracking Ellomay Capital Ltd., this filing contains several important signals. This filing provides investors with a comprehensive overview of Ellomay Capital's operations and financial standing for the fiscal year 2023, enabling informed investment decisions. The report confirms the company's compliance with SEC reporting requirements, maintaining transparency for its shareholders and the market.

Risk Assessment

Risk Level: low — Ellomay Capital Ltd. shows low risk based on this filing. The filing is a routine annual report, indicating standard operational and compliance procedures with no immediate red flags.

Analyst Insight

Review the full 20-F filing for detailed financial statements, risk factors, and management discussion to assess the company's performance and outlook.

Key Numbers

• 12,852,585 — Ordinary Shares Outstanding (As of December 31, 2023)
• 2023 — Fiscal Year End (Period covered by the annual report)
• NIS 10.00 — Par Value per Ordinary Share (Nominal value of shares)

Key Players & Entities

• Ellomay Capital Ltd. (company) — Registrant
• NYSE American LLC (company) — Exchange where ordinary shares are registered
• ELLO (company) — Trading symbol for ordinary shares
• Kalia Rubenbach (person) — Chief Financial Officer
• 001-35284 (regulator) — SEC File Number
• 12,852,585 (dollar_amount) — Number of ordinary shares outstanding

FAQ

Industry Context

Ellomay Capital Ltd. operates within the electric services industry, as indicated by its SIC code 4911.

Regulatory Implications

The company is subject to the reporting requirements of the Securities Exchange Act of 1934, filing annual reports on Form 20-F with the U.S. Securities and Exchange Commission.

What Investors Should Do

1. Thoroughly review the financial statements and management's discussion and analysis within the 20-F for detailed performance insights.
2. Examine the risk factors section to understand potential challenges and uncertainties facing Ellomay Capital.
3. Monitor future filings for updates on the company's strategic initiatives and financial results.

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the annual financial statements.
• 2024-04-18: Filing Date — Date the Form 20-F was officially submitted to the SEC.

Year-Over-Year Comparison

This filing represents the annual report for the fiscal year 2023, following the company's previous filings with the SEC.

Key Financial Figures

• $ — rrency of Israel and all references to "$," "dollar," "US$," "USD" or "U.S. dolla

Filing Documents

• ea0201663-20f_ellomay.htm (20-F) — 5750KB
• ea020166301ex4-21_ellomay.htm (EX-4.21) — 20KB
• ea020166301ex4-22_ellomay.htm (EX-4.22) — 182KB
• ea020166301ex4-23_ellomay.htm (EX-4.23) — 165KB
• ea020166301ex4-24_ellomay.htm (EX-4.24) — 640KB
• ea020166301ex8_ellomay.htm (EX-8) — 45KB
• ea020166301ex12-1_ellomay.htm (EX-12.1) — 10KB
• ea020166301ex12-2_ellomay.htm (EX-12.2) — 10KB
• ea020166301ex13_ellomay.htm (EX-13) — 4KB
• ea020166301ex15-1_ellomay.htm (EX-15.1) — 3KB
• ea020166301ex15-2_ellomay.htm (EX-15.2) — 2KB
• ea020166301ex97-1_ellomay.htm (EX-97.1) — 18KB
• image_001.jpg (GRAPHIC) — 19KB
• image_002.jpg (GRAPHIC) — 159KB
• image_003.jpg (GRAPHIC) — 122KB
• image_004.jpg (GRAPHIC) — 10KB
• image_005.jpg (GRAPHIC) — 7KB
• 0001213900-24-034140.txt (&nbsp;) — 24385KB
• ello-20231231.xsd (EX-101.SCH) — 240KB
• ello-20231231_cal.xml (EX-101.CAL) — 84KB
• ello-20231231_def.xml (EX-101.DEF) — 749KB
• ello-20231231_lab.xml (EX-101.LAB) — 1394KB
• ello-20231231_pre.xml (EX-101.PRE) — 758KB
• ea0201663-20f_ellomay_htm.xml (XML) — 4448KB

Forward-Looking Statements

Forward-Looking Statements iv Summary of Risk Factors v Part I Item 1: Identity of Directors, Senior Management and Advisers 1 Item 2: Offer Statistics and Expected Timetable 1 Item 3: Key Information 1 Item 4: Information on Ellomay 19 Item 4A: Unresolved Staff Comments 103 Item 5: Operating and Financial Review and Prospects 103 Item 6: Directors, Senior Management and Employees 129 Item 7: Major Shareholders and Related Party Transactions 147 Item 8: Financial Information 154 Item 9: The Offer and Listing 155 Item 10: Additional Information 155 Item 11:

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 172 Item 12:

Description of Securities Other than Equity Securities

Description of Securities Other than Equity Securities 172 Part II Item 13: Defaults, Dividend Arrearages and Delinquencies 174 Item 14: Material Modifications to the Rights of Security Holders and Use of Proceeds 174 Item 15:

Controls and Procedures

Controls and Procedures 174 Item 16: [Reserved] 175 Item 16A: Audit Committee Financial Expert 175 Item 16B: Code of Ethics 175 i Item 16C: Principal Accountant Fees and Services 175 Item 16D: Exemptions from the Listing Standards for Audit Committees 176 Item 16E: Purchases of Equity Securities by the Company and Affiliated Purchasers 176 Item 16F: Change in Registrant's Certifying Accountants 176 Item 16G: Corporate Governance 176 Item 16H: Mine Safety Disclosure 177 Item 16I: Disclosure regarding Foreign Jurisdictions that Prevent Inspections 177 Item 16J: Insider Trading Policies 177 Item 16K: Cybersecurity 177 Part III Item 17:

Financial Statements

Financial Statements 179 Item 18:

Financial Statements

Financial Statements 179 Item 19: Exhibits 179 ii INTRODUCTION The following is the Report on Form 20-F of Ellomay Capital Ltd., or the Report. Unless the context in which such terms are used would require a different meaning, all references to "Ellomay," "us," "we," "our" or the "Company" refer to Ellomay Capital Ltd. and its consolidated subsidiaries. All references to "," "euro" or "EUR" are to the legal currency of the European Union, or EU, all references to "NIS" or "New Israeli Shekel" are to the legal currency of Israel and all references to "$," "dollar," "US$," "USD" or "U.S. dollar" are to the legal currency of the United States of America. Other than as specifically noted, all amounts translated into a different currency were translated based on the relevant exchange rate as of December 31, 2023. We prepare our consolidated financial statements in accordance with International Financial Reporting Standards, or IFRS, as issued by the International Accounting Standards Board, or IASB. All trademarks, service marks, trade names and registered marks used in this Report are trademarks, trade names or registered marks of their respective owners. made in this Report concerning the contents of any agreement, contract or other document are summaries of such agreements, contracts or documents and are not complete description of all of their terms. If we filed any of these agreements, contracts or documents as exhibits to this report or to any previous filing with the Securities and Exchange Commission, or SEC, you may read the document itself for a complete understanding of its terms. INDUSTRY AND MARKET DATA This Report contains and incorporates by reference market data, industry statistics, and other data that have been obtained from, or compiled from, information made available by third parties. Although we believe these third-party sources are reliable, we have not independently verified the information. Except as may otherwise b

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS In addition to historical information, this report on Form 20-F contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. Some of the Review and Prospects" and elsewhere in this Report, constitute forward-looking statements. Forward-looking statements reflect our current view about future plans, intentions or expectations. These statements relate to future events or other future financial performance, plans strategies and prospects, and are identified by terminology such as "may," "will," "should," "expect," "scheduled," "plan," "intend," "anticipate," "believe," "estimate," "aim," "potential," or "continue" or the negative of those terms or other comparable terminology, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking on our business. There can be no assurance that future developments actually affecting us will be those anticipated. These forward-looking different from those expressed or implied by these forward-looking statements. Assumptions included in this Report involve judgment with respect to, among other things, future economic, competitive and market conditions, and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond our control. In light of the significant uncertainties inherent in the forward-looking information included herein, the inclusion of such information s

View Full Filing

View this 20-F filing on SEC EDGAR