ISEQ values Waterford Wedgwood at €200m with borrowings of €372m

WATERFORD Wedgwood is valued on the ISEQ at less that €200m at this stage based on a share value of 4.5 cent.

By contrast, its borrowings are close to €372m, up on last year’s €299m, while prospects for the group this year are modest as it waits for its rationalisation programme to kick in.

The total cost of the programme, estimated at €90m by the group, is expected to yield similar levels of savings. Of that, about €70m is due to kick in this year while the group hopes to enjoy the full €90m cost benefit from next year.