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Dignity PLC (DTY.L)

DTY.L on London Stock Exchange

343.00GBp
9:05pm IST
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8.00 (+2.39%)
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335.00
Open
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Volume
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620.00
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210.50

Latest Key Developments (Source: Significant Developments)

Dignity Says More Clients Opt For Simple Compared To Full Services Funeral
Monday, 11 May 2020 

May 11 (Reuters) - Dignity PLC ::DIGNITY PLC - COVID-19 UPDATE.DIGNITY PLC - OPERATING PERFORMANCE IN Q1 WAS BROADLY IN LINE WITH BOARD'S EXPECTATIONS.DIGNITY PLC - QTRLY UNDERLYING REVENUE 83.1 MILLION STG VERSUS 81.1 MILLION STG.DIGNITY PLC - GROUP PERFORMED 20,000 FUNERALS IN FIRST 13 WEEKS OF YEAR (Q1 2019: 19,200).DIGNITY PLC - GROUP DECIDED TO TEMPORARILY WITHDRAW PROVISION OF LIMOUSINES IN INTERESTS OF WELFARE OF OUR STAFF AND CLIENTS.DIGNITY PLC - PROPORTION OF CLIENTS CHOOSING SIMPLE FUNERAL VERSUS FULL SERVICE FUNERAL INCREASED DRAMATICALLY TO ABOUT 60% VERSUS 20% SEEN IN Q1.DIGNITY PLC - GROUP HAD EBITDA HEADROOM OF APPROXIMATELY £19 MILLION AGAINST ITS FINANCIAL COVENANT AT END OF MARCH 2020.DIGNITY PLC - GROUP ANTICIPATES ACHIEVING PRIMARY FINANCIAL COVENANT, IT IS LIKELY THAT GROUP WILL NOT ACHIEVE RPC AT JUNE 2020.DIGNITY PLC - GROUP IS NOT PROVIDING GUIDANCE ON 2020 AND BEYOND.DIGNITY PLC - CONTINUE TO PROGRESS STRATEGIC REVIEW OF BUSINESS, INITIATED UPON MY APPOINTMENT IN SEPTEMBER 2019.DIGNITY PLC - QTRLY UNDERLYING OPERATING PROFIT 19.4 MILLION STG VERSUS 21.7 MILLION STG.DIGNITY - CHOSEN NOT TO FURLOUGH EMPLOYEES; DO NOT INTEND TO APPROACH GOVERNMENT FOR DIRECT FINANCIAL SUPPORT.  Full Article

Dignity says welcomes proposals to regulate UK funeral plans
Monday, 3 Jun 2019 

June 3 (Reuters) - Dignity PLC ::DIGNITY WELCOMES HM TREASURY PROPOSALS.WELCOMES HM TREASURY PROPOSALS FOR FCA REGULATION OF FUNERAL PLAN SECTOR.  Full Article

Dignity Says Q1 Deaths Fell 12 Pct, Oper. Performance Below View
Monday, 13 May 2019 

May 13 (Reuters) - Dignity PLC ::FIRST QUARTER TRADING UPDATE.OPERATING PERFORMANCE IN Q1 WAS BELOW BOARD'S EXPECTATIONS.ABSOLUTE NUMBER OF DEATHS IN QUARTER DECREASED BY APPROXIMATELY 12 PER CENT TO 159,000.QTRLY UNDERLYING REVENUE 81.1 MILLION STG VERSUS 95.1 MILLION STG.QTRLY UNDERLYING OPERATING PROFIT 21.7 MILLION STG VERSUS 37.5 MILLION STG.FUNERAL MARKET SHARE AND AVERAGE INCOME WERE IN LINE WITH BOARD'S EXPECTATIONS IN QUARTER.IF DEATHS WERE 580,000 THEN ALL OTHER MATTERS BEING EQUAL, FY UNDERLYING OPERATING PROFITS COULD BE ABOUT £3-4 MILLION LOWER THAN ANTICIPATED.NUMBER OF DEATHS IN 2019 MAY MEAN THAT SHORT-TERM FINANCIAL PERFORMANCE IS LOWER THAN CO ORIGINALLY ANTICIPATED.ESTABLISHED WORKING GROUP TO FOCUS ON QUALITY OF SERVICE PROVIDED TO MEET CUSTOMER NEEDS, CAPITAL EMPLOYED IN CREMATORIA.  Full Article

Dignity Sees Average Funeral Incomes To Be Lower In 2019 Than In 2018
Tuesday, 15 Jan 2019 

Jan 15 (Reuters) - Dignity PLC ::INITIAL INDICATIONS SUGGEST 599,000 DEATHS IN YEAR, CONSISTENT WITH GROUP'S EXPECTATIONS.OPERATING PERFORMANCE IN Q4 WAS STRONGER THAN EXPECTED.GROUP EXPECTS TO REPORT UNDERLYING OPERATING PROFITS OF APPROXIMATELY £79 MILLION, WHICH IS AHEAD OF CURRENT MARKET EXPECTATIONS.SEES AVERAGE FUNERAL INCOMES TO BE LOWER IN 2019 THAN IN 2018 AND THERE ARE THEREFORE NO CHANGES TO BOARD'S EXPECTATIONS FOR 2019.  Full Article

Dignity Is Considering CMA Recommendations, Notes Key Findings
Thursday, 29 Nov 2018 

Nov 29 (Reuters) - Dignity PLC ::DIGNITY PLC - STATEMENT RE: CMA REVIEW.DIGNITY PLC - CONSIDERING RECOMMENDATIONS IN DETAIL AND NOTES KEY CMA FINDINGS.DIGNITY PLC - HAS ENGAGED CONSTRUCTIVELY WITH CMA SINCE MARKET STUDY WAS ANNOUNCED IN JUNE 2018.DIGNITY PLC - DIGNITY 'STRONGLY SUPPORTS OPPORTUNITY TO IMPROVE STANDARDS WITHIN SECTOR AND MEET EXPECTATIONS OF CONSUMERS".DIGNITY PLC SAYS "BELIEVES THERE IS NEED FOR GREATER TRANSPARENCY ON PRICING, MORE CONSUMER CHOICE AND HIGH LEVELS OF QUALITY ACROSS SECTOR".DIGNITY PLC - COMMITTED TO MAKING FUNERAL PRICES FOR ALL ITS BRANCHES ACROSS UK AVAILABLE ONLINE BY END OF Q1 2019..DIGNITY PLC - GROUP HAS ALREADY BEEN MAKING CONSIDERABLE STEPS TO PROVIDE A WIDER RANGE OF CHOICE FOR ITS CUSTOMERS.DIGNITY PLC - COMMITTED TO UNBUNDLE PRICE STRUCTURE OF FUNERAL BUSINESS TO CREATE "MORE COMPELLING PROPOSITION & GREATER FLEXIBILITY" FOR CLIENTS.DIGNITY PLC - WOULD WELCOME REGULATION WHICH SETS OUT MINIMUM STANDARDS FOR CORE ACTIVITIES SUCH AS CARE OF DECEASED, MINIMUM STANDARDS OF FACILITIES.  Full Article

Dignity Qtrly Operating Profit Down About 38.7 Pct
Monday, 12 Nov 2018 

Nov 12 (Reuters) - Dignity PLC ::THIRD QUARTER TRADING UPDATE.CONTINUES TO PERFORM IN LINE WITH CURRENT MARKET EXPECTATIONS FOR YEAR ENDED 28 DECEMBER 2018..QTRLY REVENUE £244.2 MILLION VERSUS £243.9 MILLION.THIRD QUARTER OPERATING PROFITS OF £12.2 MILLION, COMPARED TO £19.9 MILLION IN THE SAME PERIOD IN 2017.NUMBER OF DEATHS IN THE YEAR TO DATE INCREASED THREE PER CENT TO 455,000.THIRD QUARTER, AS EXPECTED, SAW THE NUMBER OF DEATHS BROADLY FLAT YOY; CONTINUE TO ANTICIPATE 600,000 DEATHS IN 2018.PERFORMED 55,700 FUNERALS IN THE FIRST 39 WEEKS OF YEAR (2017: 52,100), REPRESENTING A MARKET SHARE OF 12.1 PER CENT (2017: 11.7%).EARLY FOCUS IN TRANSFORMATION PLAN BEEN FINALISING SMALLER NUMBER OF LARGER BRANCH NETWORKS IN ADVANCE OF TESTING OF NEW OPERATING MODEL.  Full Article

Prudential Takes 5.01 Pct Stake In Dignity
Friday, 26 Oct 2018 

Oct 26 (Reuters) - Dignity PLC ::PRUDENTIAL PLC TAKES 5.01 PERCENT STAKE IN DIGNITY PLC - FILING.  Full Article

Dignity conducts more funerals during pandemic, profit rises

Dignity Plc said on Wednesday profit in the first half of 2020 rose 11% as it conducted more funerals due to the COVID-19 pandemic, however, the average price per funeral fell as people chose simpler services during lockdowns.