Boris Schneider's questions to Ituran Location and Control Ltd (ITRN) leadership • Q4 2024
Question
Boris Schneider from More Investments questioned the factors driving the increase in constant currency ARPU during the fourth quarter and asked for an outlook on ARPU trends for 2025, considering the accelerated subscriber growth.
Answer
Executive Eli Kamer stated that there was no specific driver for the Q4 ARPU increase in constant currency beyond the currency exchange effect itself, with local currency prices remaining stable. Executive Eyal Sheratzky projected that the overall ARPU in 2025 would remain largely stable. He reasoned that while new OEM contracts and solutions might carry a slightly lower ARPU, their impact on the total subscriber base of over 2.4 million would be non-material.