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BUZZ-HSS Hire: Shares slip on EBITDA margin pressure

Reuters - UK Focus

** Tool & equipment rental co HSS Hire (Frankfurt: HG3.F - news) falls as much as 8.7 pct after reports lower operating margins

** H1 revenue +13.5 pct to 166.2 million stg

** JPMorgan says slip in adj EBITDA margin reflects the changed mix with lower-margin OneCall and Training accounting for much of the growth; rates "underweight"

** Broker sees pressure on EBITDA margin, cuts adjusted EBITDA estimates by 2 pct to 77.4 mln stg in 2016 and by 3 pct to 82.4 mln stg in 2017

** Share (LSE: SHRE.L - news) worst performer on FTSE All Share Support Services Index