Chris Reimer's questions to Ituran Location & Control (ITRN) leadership • Q2 2025
Question
Chris Reimer from Barclays Capital inquired about Ituran's growth outlook for the second half of 2025, the post-conflict business recovery in Israel, the potential scope of the new BMW motorcycle partnership in Brazil, and the expected trajectory of financial expenses.
Answer
Co-CEO Eyal Sheratzky affirmed the company remains on track to achieve its full-year guidance of 220,000 to 240,000 net new subscribers. Regarding the BMW partnership, he projected it could add tens of thousands of subscribers annually in the coming years. EVP of Finance & CFO Eli Kamer clarified that recent financial expenses were a non-cash item driven by foreign exchange fluctuations, specifically the strengthening of the Israeli shekel against the US dollar, making future expenses difficult to forecast.