Interim Financial report January – September 2020
Coming off the significant Covid-19 related revenue drop we experienced in our second quarter, LEAX third quarter revenue rebounded, specifically in September. After the seasonally slow summer period in July and August, which was exacerbated by Covid-19 effects, September showed us the first signs of pre-Covid-19 demand and the U-shaped recovery we have been expecting. Despite overall revenue still lagging Q3 2019 by greater than 20% our performance has improved by nearly 7% in EBITDA margin with Q3 2020 coming in at 11.3% versus a 4.6% EBITDA margin in Q3 2019. This improvement has been