Ituran Location 2024 EBITDA Expectations Continue To Be Between $90M-95M, 2025 EBITDA Is Targeted To Surpass $100M
Portfolio Pulse from Benzinga Newsdesk
Ituran Location and Control Ltd. (ITRN) has reiterated its 2024 EBITDA expectations to be between $90M-$95M and targets 2025 EBITDA to surpass $100M. The company also expects to add 35,000 to 40,000 net new subscribers per quarter in 2024. These targets are based on current exchange rates and assume no significant worsening in the global macro-economic and political situation in Israel.
May 28, 2024 | 10:37 am
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Ituran Location and Control Ltd. (ITRN) has reiterated its 2024 EBITDA expectations to be between $90M-$95M and targets 2025 EBITDA to surpass $100M. The company also expects to add 35,000 to 40,000 net new subscribers per quarter in 2024. These targets are based on current exchange rates and assume no significant worsening in the global macro-economic and political situation in Israel.
The reaffirmation of EBITDA expectations and subscriber growth targets indicates strong financial health and growth prospects for Ituran Location and Control Ltd. This positive outlook is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100