09/11/2004
Trading Update
Unaudited quarterly results for the 39 week period to 24 September 2004
Dignity plc, Britain's largest single provider of funeral-related services, namely funeral services, cremations and pre-arranged funeral plans, announces unaudited trading statement for the 39 week period ended 24 September 2004.
Group turnover for the 39 week period ended 24 September 2004 increased by 4.3% to £100.4million (2003: £96.3 million).
Unaudited profit before interest, tax, amortisation and exceptional items increased by 18.4% to £27.0 million (2003: £22.8 million). Depreciation charge in the period was £5.6 million (2003: £6.1 million).
Peter Hindley, Chief Executive of Dignity plc, commented:
'The Group continues to trade well and I am pleased that these results remain in line with our expectations.'
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.
Enquiries:
Dignity plc
Tel: 0121 354 1557
Peter Hindley, Chief Executive
Mike McCollum, Finance Director
Buchanan Communications
Tel: 020 7466 5000
Suzanne Brocks