15/11/2005
Unaudited quarterly results for the 39 week period to 30 September 2005
Dignity plc, Britain's largest single provider of funeral-related services, namely funeral services, cremations and pre-arranged funeral plans, announces its unaudited trading statement for the 39 week period ended 30 September 2005.
Group revenue for the 39 week period ended 30 September 2005 increased by 7.3% to £107.7 million (2004: £100.4 million).
Operating profit for the same period increased by 11.7% to £31.6 million (2004: £28.3 million).
Peter Hindley, Chief Executive of Dignity plc commented:
"The Group continues to trade well not withstanding that deaths in the third quarter are estimated to be approximately 2.5% lower than last year. However, we remain on track to achieve our expectations for the full year."
All numbers are reported in accordance with International Financial Reporting Standards (‘IFRS').
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:
Peter Hindley/Mike McCollum
Chief Executive/Finance Director
Dignity plc
Tel: 0121 354 1557
Richard Oldworth
Buchanan Communications
Tel: 0207 466 5000