Despite its reported 8.9% revenue decrease in 9M16 vs 9M15, we remain convinced of Ellomay’s ability to generate cash flow dependably from its solar assets in Italy and Spain to reinvest in its diverse pipeline of international power generation assets. Temporary factors – both lower solar radiation (worse weather) and lower spot prices – hit Ellomay’s 9M16 results and we therefore reduce our FY16 revenue forecast by 9.7% to take account of this. However, we leave our F
16 Jan 2017
Short-term factors cloud results, story intact
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Short-term factors cloud results, story intact
Despite its reported 8.9% revenue decrease in 9M16 vs 9M15, we remain convinced of Ellomay’s ability to generate cash flow dependably from its solar assets in Italy and Spain to reinvest in its diverse pipeline of international power generation assets. Temporary factors – both lower solar radiation (worse weather) and lower spot prices – hit Ellomay’s 9M16 results and we therefore reduce our FY16 revenue forecast by 9.7% to take account of this. However, we leave our F