I mentioned Brtivic (BVIC) the other day as looking reasonable value after they had sold off with the market. Well today they have put out a positive year end update which means the full year results should be fine as they said:
"Full year revenue increased by 2.4%, with both volume and price growth, and the strategic cost initiatives were successfully implemented with a slightly higher in-year benefit than anticipated. As a result we now expect that full year EBIT will be marginally ahead of the top end of our previous guidance range of £148m to £156m and well ahead of last year."
So the stock is up a little today in a soggy market thanks to the travails of Tesco and the kitchen sinking of their results and an underwhelming update from Unilever. They did however allude to a prevailing challenging market conditions but did express confidence in the outlook for next year on the back of a full years benefit from cost cutting and marketing initiatives.