(MENAFN- ProactiveInvestors)Equipment rental firm HSS Hire (LON:HSS) reported worse than expected second quarter trading hitting its shares. HSS said trading was marginally below expectations due mainly to weaker business with major customers across a number of sectors particularly in April and May. There was also reduced demand for cooling equipment during the period it said in a statement covering the six months to June 27. But it said customer activity started to pick up to more normal levels in June with order books increasing as the second half of the year began. The group said it continued to increase market share in the period and therefore expected to report high single-digit organic revenue growth in the second quarter. It said the anticipated revenue rise together with the start-up costs of new branches in their first year of trading was expected to result in first half adjusted pre-tax earnings before interest depreciation and amortisation matching the same period a year ago. HSS which hopes to open 50 outlets in 2015 added: "The local branch roll-out is on track and the 28th new branch this financial year opened today." Shares fell 47.5p to 135p in afternoon trading in London.
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