Interim Management Statement

RNS Number : 1395U

Dignity PLC

11 May 2008

 

For immediate release                                                12 May 2008



                                  Dignity plc

                          ('Dignity' or 'the Group')


                       First interim management statement
                                    for 2008



Dignity plc, the UK's only listed provider of funeral services, announces its 
first interim management statement for 2008.


                                                          13 week period ended
                                                            28 March    30 March     Increase
                                                                2008        2007     per cent

Revenue (£million)                                              46.9        43.2        8.6
Operating profit (excluding profit on sale of fixed             17.7        16.6        6.6
assets) (£million)



Operating profit includes £1.5 million (Q1 2007: £1.5 million) in respect of
recoveries from the pre-arranged funeral plan trusts.



The Group has acquired a total of 9 funeral locations and one crematorium and
cemetery so far this year for total consideration of £17.0 million.



Trading since 28 March 2008 continues to be in line with expectations and there
were no other significant transactions in the period to 11 May 2008.



Peter Hindley, Chief Executive of Dignity plc commented:



'The Group continues to trade well and remains in line with expectations
for the full year.'



In accordance with the terms of the securitisation carried out in April 2003,
Dignity (2002) Limited (the holding company of those companies subject to the
securitisation) has today issued reports to the Rating Agencies (Fitch and
Standard & Poor's), the Security Trustee and the holders of notes issued
in connection with the securitisation confirming compliance with the covenants
established under the securitisation.

Copies of these reports are available at http://www.dignityfuneralsplc.co.uk





For further information please contact:

Dignity plc                                                       0121 354 1557
Peter Hindley, Chief Executive
Mike McCollum, Finance Director

Buchanan Communications                                           0207 466 5000
Suzanne Brocks

 

END

 

 

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