Photon sees growth in UK and Europe

Photon Group, the marketing services group which owns Naked Communications, has reported a 1% fall in net profit after tax to $21.4m (£10.7m) in the year to 30 June, with its UK and European operations showing growth.

Tim Hughes

The group says that its European-based PR firms, Hotwire and Frank PR, are showing strong growth, along with UK-based field marketing specialists, REL and Retail Insights.

Net revenue during the period in the UK and Europe rose 9% to $117.2m (£58.7m).

Photon executive chairman Tim Hughes says the first two months of the financial year saw some recovery in areas such as event management and corporate communications in both the UK and Australia.

The slight fall in reported net profit after tax has been attributed to $3.7m (£1.85m) redundancy costs and a $4.2m (£2.1m) non-cash impairment charge associated with an investment in Dark Blue Sea, an internet domains broker.

Photon’s underlying net profit was up 30% to $28.2m (£14.1m). The Australian-based group has launched a $114.6m (£57.4m) capital raising initiative to help reduce debt.

Hughes says: “We made a number of acquisitions in Australia, the UK and US to build a robust, diversified portfolio.

“With an improving economic outlook globally and our exposure to the fastest growing market sectors, we are cautiously optimistic that 2010 will be another record year in terms of revenue and earnings.”

Latest from Marketing Week


Access Marketing Week’s wealth of insight, analysis and opinion that will help you do your job better.

Register and receive the best content from the only UK title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work. The more we know about our visitors, the better and more relevant content we can provide for them. And, yes, knowing our audience better helps us find commercial partners too. Don't worry, we won't share your information with other parties, unless you give us permission to do so.

Register now


Our award winning editorial team (PPA Digital Brand of the Year) ask the big questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.


From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we are your guide.


Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Having problems?

Contact us on +44 (0)20 7292 3703 or email

If you are looking for our Jobs site, please click here