Australia funerals

Propel Funeral Partners shows growth with 2022 Annual Report

By Funeral Director Daily / September 20, 2022 /

Propel Funeral Partners, the public company that owns and operates funeral homes, cremation facilities, cemeteries, and related infrastructure in Australia and New Zealand, announced their Fiscal Year 2022 (FY22) results in late August, and did so by showing growth all across their reporting numbers. The company that began in 2012 with 278 funeral services reported…

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InvoCare talks of strategy reset

By Funeral Director Daily / May 28, 2021 /

My own historical family businesses are a perfect example of the evolution of a business to fit the consumer and stay relevant.  Back in 1872 my great-grandfather arrived in the New World with a skill as a cabinet maker.  He set up shop and when people died family members approached him about building a coffin…

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Australian funeral homes fare much differently than U.S. counterparts

By Funeral Director Daily / March 3, 2021 /

The COVID-19 pandemic during the year 2020 and how countries geographic location and national responses to the situation could not be more different than you see in recent publicly owned funeral home companies’ annual reports. We’ve reported on the results of the United States Service Corporation International (SCI) and Carriage Services both in the last…

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Taking a stand and doing the right thing. . . InvoCare and domestic violence

By Funeral Director Daily / February 19, 2021 /

Sometimes it is difficult to take a public stand on an issue.  You might feel strong one way or another, but you know that taking a public stance could possibly hinder the amount of business that you do.  It is pretty evident in America right now that if you flew a Trump 2020 flag in…

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Afternoon Edition: Learning from down under and across the pond

By Funeral Director Daily / September 8, 2020 /

You have heard me say many times that small funeral home operators can learn a lot from watching what the public companies are doing in the business.  I’m also of the opinion that those of us in North America can learn much from what our colleagues in Australia and Great Britain are doing. . . …

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Propel Funeral Partners reports 9 months of 2020

By Funeral Director Daily / May 18, 2020 /

Propel Funeral Partners, the Australian and New Zealand based operator of funeral homes and crematoria, reported last week that their revenue for the latest 9 month period had been AUS $ 85.0 million ($55.25 m in U.S. $) as compared to AUS $69.9 million (US$ 45.24 m) for the prior year.  That is a 22%…

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From the investment community: U.S. funeral costs, Australia funeral trends

By Funeral Director Daily / May 1, 2020 /

To roll into the weekend we thought we would give you some food for thought in the funeral industry from almost 10,000 miles apart.  Our articles today come from the investment community in both the United States and Australia.  Both are good, well thought out articles that deal with the world of death care in…

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There is no doubt. . . . the world gets smaller

By Funeral Director Daily / March 20, 2020 /

We don’t have to look very far to understand that we live in an inter-connected world.  What happens in one part of the world has always led to innovation in other parts of the world.  But now with our connectivity, it just happens much faster.  And, it is always wise to look to other parts…

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InvoCare delivers “Solid Profit” in 2019

By Funeral Director Daily / February 28, 2020 /

The headline from a Motley Fool piece that you can read here states, “InvoCare delivers solid profit and dividend growth in FY2019”.  Australia’s largest funeral and cremation provider recorded revenue growth of 4% for the year which led to a 19.6% increase in after tax operating earnings. For the year, InvoCare brought in revenue of…

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Propel Funeral Partners growing market share

By Funeral Director Daily / February 7, 2020 /

This article from Yahoo Finance indicates that Australian and New Zealand public funeral operating company Propel Funeral Partners is growing market share.  According to the article it is growing both from acquisitions and an annual death rate increase in both countries. Here is an excerpt from that article: “In Propel’s FY19 investor presentation, the company…

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