Speedy Hire has issued a profit warning following delays to the integration of a national logistics and engineering centre . The company said it completed the integrated centre within Q1 2017 , but warned that the delay could affect core rental and revenue growth . The board said it now expects adjusted operating profit for the full year to be below market expectations. Average operating profits for the year are expected to be below market expectations , in spite of a 10.9 % increase in revenue to £ 55 m in the nine months to follow and a 2.3 % increase in adjusted operating profit to £ 52.4 m . HSS closed 18 " underperforming " branches and four distribution centres this year as part of cost - cutting plans .
Speedy Hire has issued a profit warning following delays to the integration of a national logistics and engineering centre . The company said it completed the integrated centre within Q1 2017 , but warned that the delay could affect core rental and revenue growth . Average operating profits for the year are expected to be below market expectations , in spite of a 10.9 % increase in revenue to £ 55 m in the nine months to follow and a 2.3 % increase in adjusted operating profit to £ 52.4 m . HSS closed 18 " underperforming " branches and four distribution centres this year as part of cost - cutting plans .