Dignity (DTY)

Sector:

Retailers

Index:

FTSE Small Cap

620.00p
   
  • Change Today:
    -8.00p
  • 52 Week High: 736.00
  • 52 Week Low: 239.50
  • Currency: UK Pounds
  • Shares Issued: 50.03m
  • Volume: 101,412
  • Market Cap: £310.18m
  • RiskGrade: 242

Dignity profit jumps as Covid-19 kills more people

By Sean Farrell

Date: Monday 10 May 2021

LONDON (ShareCast) - (Sharecast News) - Dignity's profit jumped by more than a third in the first quarter as a sharp increase in the number of deaths caused by Covid-19 more than offset lower revenue per funeral and market share.
Underlying operating profit jumped 35% to £26.1m in the three months to 26 March as underlying revenue rose 14% to £94.7m, the funeral operator said in a trading update.

The number of UK deaths in the period rose to 204,000 from 161,000 a year earlier as Covid-19 deaths peaked. Dignity said since the end of the quarter deaths fell below the five-year average as a lockdown and the roll-out of vaccines took effect. In the first quarter of 2020, Covid-19 had no material effect on the death rate and funeral volumes.

Dignity's share of funerals, excluding Northern Ireland, fell to 11.5% in the quarter from 12.2% a year earlier. It said the drop was mainly because of a decline in full-service and prearranged funeral plans, which have attracted regulatory action, partly offset by growth in low-cost cremations. These trends caused average revenue per funeral to fall to £2,565 from £2823 a year earlier

Dignity said: "Covid-19 has had a distorting impact on the business both in terms of operations and the financial results, making comparisons to the prior year difficult. It also makes the short-term future hard to predict because we don't know whether we face a period of a lower than the average death rate or another wave of contagion and a subsequent higher number of deaths.

"The restrictions on funeral sizes continue to impact the average revenue per funeral. Setting all that aside, the Group remains financially robust and profitable."

Dignity shares fell 1% to 722p at 08:26 BST. The shares have more than tripled in value over the past year from 234p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Dignity Market Data

Currency UK Pounds
Share Price 620.00p
Change Today -8.00p
% Change -1.27 %
52 Week High 736.00
52 Week Low 239.50
Volume 101,412
Shares Issued 50.03m
Market Cap £310.18m
RiskGrade 242

Dignity Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
78.32% above the market average78.32% above the market average78.32% above the market average78.32% above the market average78.32% above the market average
65.96% above the sector average65.96% above the sector average65.96% above the sector average65.96% above the sector average65.96% above the sector average
Price Trend
22.92% above the market average22.92% above the market average22.92% above the market average22.92% above the market average22.92% above the market average
1.89% below the sector average1.89% below the sector average1.89% below the sector average1.89% below the sector average1.89% below the sector average
Income Not Available
Growth
29.38% below the market average29.38% below the market average29.38% below the market average29.38% below the market average29.38% below the market average
2.04% above the sector average2.04% above the sector average2.04% above the sector average2.04% above the sector average2.04% above the sector average

What The Brokers Say

Strong Buy 0
Buy 0
Neutral 1
Sell 0
Strong Sell 1
Total 2
sell
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Dignity Dividends

  Latest Previous
  Final Final
Ex-Div n/a 16-May-19
Paid n/a 28-Jun-19
Amount 0.000p 15.74p

Trades for 18-Jun-2021

Time Volume / Share Price
16:35 57,652 @ 620.00p
16:29 5 @ 630.00p
16:29 10 @ 630.00p
16:29 8 @ 630.00p
16:29 2 @ 630.00p

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