Waterford Wedgwood said today that first half sales would be down on last year but that a recent cash injection meant trends had now become 'strongly positive'.
'Last month, Waterford had its best September sales since 2003 and, for the month of October, present indications are that total group sales will show healthy growth over last year,' Chairman Anthony O'Reilly told an annual shareholder meeting.
'Prospects for the all important Christmas period are encouraging: the group's total order book at October 1 is up 11% over last year,' O'Reilly said.
He added that the company was also in final talks to place €50m worth of shares with an institutional investor.
Shares in the glass and crystal group were trading up 9.3% at 3.5 cent in Dublin this lunchtime.
