DCF- value of the WKS share rises to €157.60
In the last few weeks, the company value of Windkraft Simonsfeld AG was calculated based on the financial statement of the year 2009. This valuation of Windkraft Simonsfeld as a stock corporation was carried out by chartered accounts of Schebesta und Holzinger Wirtschaftstreuhandgesellschaft mbH. The result was the following: compared to its valuation as limited partnership of last year, the company value rose up to €46.32m. The DCF value of the Windkraft Simonsfeld share increased by €21.05 up to €157.6 compared to last year’s valuation of reorganization.
The reasons for an increase of the calculated share value were reduced fees for system services and loss-of-mains as well as clearly higher revenues from services for other operators. Another reason was that reserved drawings were deducted from the calculated value of the limited partnership, yet these amounts were dealt with as non-interest bearing liabilities which will be redeemed over a longer period of time when the stock corporation was valuated.
A value-decreasing factor was the increase in personnel costs. During the last business year the team of employees was considerably enlarged and a structure to ensure the necessary staff was established which is to implement the growth strategy as planned in the years to come.
