The Times has reported Dignity plc’s results here(£). Briefly:
Pre-tax profits are up 15 per cent to £52.9 million.
Prepaid funerals contributed £6.7 million of this.
The bonus pool is £2.5 million and all fulltime staff have been given ‘a payout equivalent to’ £1000.
Final shareholder dividend of 11.83p a share, an increase of 10 per cent on last year.
Market share now 12 per cent.
68,000 funerals conducted last year, up from 63,200 in 2012
In the last year, 40 funeral homes and 2 crematoria acquired.
Share price rose 13p yesterday afternoon to £15. City slickers well pleased.
Dignity’s position is, of course, vulnerable to consumer awareness of its relatively expensive funerals and its relationship with Age UK; and to disruptive intervention in the crematoria market on the US crematory model.
Over to you, Mr Plume.