Arco’s new chief executive has given his initial take on life at the helm of one of Hull’s strongest businesses.
Guy Bruce joined the safety products and services provider in December, and as the results were released for the last full year before he came on board, he gave his ‘90 day report’.
The business saw turnover drop 21 per cent from an exceptional £390 million in a Covid-accelerated ‘anomaly’ year, to £307 million for the period to June 30, 2022. Sales remained higher than pre-pandemic, though profits were squeezed by the economic situation, elements of which are now easing, as it also works with customers to minimise the impact of inflation.
