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News

Ituran Location 2024 EBITDA Expectations Continue To Be Between $90M-95M, 2025 EBITDA Is Targeted To Surpass $100M

Author: Benzinga Newsdesk | May 28, 2024 06:37am

Overall, looking ahead to 2024, management reiterates its expectations for continued revenue growth and profitability throughout the year.

Management continues to expect to add approximately 35,000 to 40,000, net new subscribers per each quarter during 2024.

From a financial perspective, full-year 2024 EBITDA expectations continue to be between $90-95 million and 2025 EBITDA is targeted to surpass $100 million.

It is noted that these targets are based on current exchange rates and assumes that the current global macro-economic situation and political situation in Israel does not significantly worsen.

Posted In: ITRN