KARO - Karooooo Ltd. (KARO) Q1 2025 Earnings Call Transcript
2024-07-19 15:39:09 ET
Karooooo Ltd. (KARO)
Q1 2025 Results Conference Call
July 19, 2024 08:00 AM ET
Company Participants
Carmen Calisto - Group Chief Strategy and Marketing Officer
Goy Hoeshin - Group Chief Financial Officer
Zak Calisto - Founder, CEO & Director
Presentation
Carmen Calisto
Hello, and welcome to Karooooo's Financial Year 2025 Q1 Earnings Call. On behalf of Karooooo, we would like to thank you for joining us today. I'm Carmen, the Group's Chief Strategy and Marketing Officer, and together with Hoeshin, our Group Chief Financial Officer, we’ll be taking you through our key business updates and strong financial performance.
All investors are advised to read through the disclaimer.
We will be reviewing both Cartrack and Karooooo Logistics in today's webinar.
After a milestone Q1 for net subscribers, we continue to profitably grow its scale, and now have over 124,000 businesses choosing to power their operations every single day with our cloud. Management believes we are on track to achieving our FY ‘25 outlook and remain excited to continue on our over 10 year track record of strong financial growth and performance.
Physical operations bring us the food we eat and the infrastructure we rely on to call our families. They build our homes and they keep our communities healthy and clean, whilst often overlooked these physical operations power, everything we do, they're the reason our lives have become easy. They may not appear glamorous, but their work is admirable and complex and challenging, and still, as they continue on their missions to carry our economies, physical operations are experiencing big changes in their environments.
Customers are more demanding. Costs are rapidly rising, and competition is heightening. In the day-to-day of running a physical operation, there are tons of moving parts between accidents, resource planning, timeline commitments, worker productivity, compliance, and customer expectations there's a lot that can go wrong, and then there's a extra layer of executing on everything beautifully whilst keeping your costs down and business efficient. This is no small feat....
Karooooo Ltd. (KARO) Q1 2025 Earnings Call Transcript