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Business & education services

Dignity sees trading improvement continue

The funeral services provider had already upgraded its annual forecasts on the back of the performance in the first three months

Dignity PLC (LON:DTY) confirmed trading has continued to be strong since March.

The funeral services provider had already upgraded its annual forecasts on the back of the performance in the first three months of 2018.

READ: Dignity shares surge as it predicts full-year results ahead of market expectations

Trading in April has maintained the improvement though it was too early following recent price changes to make firm conclusions, said the group.

Dignity is trialling a low-cost funeral plan to halt a loss in market share.

Mike McCollum, chief executive, said: "While the first quarter produced a much stronger result than we had anticipated when implementing the price changes in January, the current year is all about completing our review of our funeral business."

Revenues in the first quarter were £95.1mln (£93mln), with underlying operating profits of £37.5mln.

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