Oct 15, 2024 / 12:00PM GMT
Isaias Calisto - Karooooo Ltd - Executive Chairman of the Board, Chief Executive Officer
(technical difficulty) will discuss our Q2 results and key business highlights. Our Group CEO and Founder, Zak Calisto will be available for Q&A following our presentation. All investors are advised to read the disclaimer. During the call, we will review both of Karooooo's operating units, Cartrack and Karooooo Logistics. For those new to Karooooo, Cartrack is our operations management SaaS platform focused in Asia, Africa and Europe. Cartrack operates at scale and has a very attractive financial profile. As of August 2024, Cartrack's annual recurring revenue was ZAR3,990 million or USD224 million and Cartrack's Q2 operating profit margin was 29%. Historically, Cartrack's operating momentum has driven Karooooo's growth and strong financial performance.
Karooooo Logistics is our rapidly growing delivery as a service business that empowers large enterprises to scale their e-commerce operations and capabilities. Karooooo Logistics is a structurally lower margin business than Cartrack and it is growing rapidly
Q2 2025 Karooooo Ltd Earnings Call Transcript
Oct 15, 2024
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