Chris Raymer's questions to Ituran Location and Control Ltd (ITRN) leadership • Q2 2025
Question
Chris Raymer of Barclays asked about Ituran's growth outlook for the second half of 2025, details on the new BMW partnership in Brazil, and the future trajectory of financial expenses.
Answer
An executive, likely CEO Eyal Sheretsky, reiterated the full-year subscriber growth forecast of 220,000 to 240,000 and projected the BMW deal could add tens of thousands of subscribers annually. CFO Eli Kamer clarified that Q2's financial expenses were a non-cash item driven by foreign exchange volatility and are difficult to predict, though historically they average near breakeven.