Published On: March 22nd, 2021Categories:

Despite the pandemic causing a significant rise in the number of deaths in the UK (+14% YoY), the funeral home operator Dignity Plc published weak results, with a loss of GBP 19.6 mn, as limitations on the size of services have added to financial pressures on the group along with other elevated costs. 2020 proved to be a challenging year for the company due to pandemic and ongoing regulatory considerations. Following several management reshuffles, the key objective will now be to increase market share, with free cash flow generation at centre stage to service debt.

Based on valuable assets from the company, we have a BUY recommendations on the notes.

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