Local funerals group Dignity swings to loss in first half of 2022 as market 'normalises' post-Covid

📆 02/10/2022 18:30:00
📰 ShropshireStar

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Funerals and crematoria group Dignity has swung to a pre-tax loss for the first half of 2022 after market normalisation post-Covid-19 and a significant change to the pricing and product mix.

The firm, which operates crematoria at Lichfield, Stourport, Telford and Shrewsbury, swung to a pre-tax loss of £156 million for the 26 weeks to July 1, 2022, from a profit of £50.5 million a year earlier.

The company said it booked a total impairment of £62.9 million of non-current assets following slower funeral market-share growth and more branch direct cremations.

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