Dignity posts £19.6m loss

Dignity has announced a £19.6m loss for the last year, despite a high death toll amid the pandemic.

The funeral organiser arranged a total of 80,300 funerals last year, which is 11,000 more than the year previously.

Although Dignity arranged a high number of funerals, the group spent more on PPE and had less guests per service due to restrictions.

Clive Whiley, Chairman of Dignity plc, commented: “During 2020, we have continued to be focused and resilient in the light of many changes, however the business has remained robust.”

“Whilst COVID-19 featured heavily in our day-to-day activities into the first quarter of 2021, we did not lose sight of the numerous project work-streams initiated in the last year, aimed at affording the Board the time and collateral necessary to allow the business to self-heal, without recourse to dilutive funding initiatives,” Whiley added.

“In a unique and challenging year, it is the dedication of our staff that has enabled continued delivery of our services, supported by a refreshed strategy and management team. Our people are fundamental to both the Group’s success and sustainability and I would like to thank them for their significant contribution, resilience and commitment to service during what has been an exceptional time for society, bereaved families, our people and our business.”

Dignity shares (LON: DTY) are trading +7.25% at 651.00 (1351GMT).