Ituran Location and Control Ltd. (ITRN) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thank you for standing by. Welcome to the Turan first quarter 2025 results conference call. All participants are present in listen-only mode. Following management's formal presentation, instructions will be given for the question and answer session. You should have all received by now the company's press release. If you have not received it, please contact the Turan's investor relations team at EK Global Investor Relations at 1-212-378-8040 or view it in the news section of the company's website, www.iteran.co.il. I will now hand the call over to Mr. Kenny Green of EK Global Investor Relations. Mr. Green, would you like to begin? Thank you. Good day to all of you and welcome to ITERAN's conference call to discuss our first quarter 2025 results. I would like to thank Iteron's management for hosting this conference call. With me today on the call are Mr Eyal Shiratsky, CEO, Mr Uldi Mizrahi, Deputy CEO and VP Finance, Mr Eli Kamar, CFO of Iteron. Eyal will begin with a summary of the quarter's results, followed by Eli with a summary of the financials. We will then open the call for the question and answer session. I would like to remind everyone that the Safe Harbour Statement in today's press release also covers the contents of this conference call. And now, Eyal, would you like to begin, please? Thank you, Kenny. I'd like to welcome all of you to our first quarter 2025 result call and thank you for joining us today. We are pleased with our first quarter results presenting another quarter of year-over-year growth in revenue and profit across the geographies in which we operate. In the first quarter, we added a very high level of new subscribers, amounting to 99,000 net. With this strong jump, we reached a major milestone, crossing 2.5 million subs...