Exhibit 99.1

ITURAN LOCATION AND CONTROL LTD. PRESENTS

RESULTS FOR THE FULL YEAR & FOURTH QUARTER 2017

Record 2017 results: revenue of $239m, net profit of $44m & EBITDA of $70m

AZOUR, Israel – February 27, 2018 – Ituran Location and Control Ltd. (NASDAQ: ITRN, TASE: ITRN), today announced its consolidated financial results for the fourth quarter and full year ended December 31, 2017.

Highlights of 2017

·	Net subscribers adds amounted to 103,000, with 1,160,000 subscribers at year-end;

·	Revenue of $238.5 million, up 20% year-over-year;

·	Gross margins of 50.0% and operating margins of 23.7%;

·	EBITDA of $70.1 million (29.4% of revenues);

·	Generated $43.9 million in operating cash flow;

·	Total dividends of $20 million declared to shareholders for 2017;

·	Ended 2017 with $40.4 million in net cash (including marketable securities);

Highlights of the Fourth Quarter of 2017

·	Net subscribers adds in the quarter amounted to 23,000;

·	Revenue of $61.3 million, up 22% year-over-year;

·	Gross margins of 49.8% and operating margins at 23.9%;

·	EBITDA of $18.2 million or 29.7% of revenues;

·	Generated $14.7 million in operating cash flow;

·	Dividend of $5 million declared for the quarter;

Fourth Quarter 2017 Results

Revenues for the fourth quarter of 2017 were $61.3 million, representing an increase of 22% from revenues of $50.4 million in the fourth quarter of 2016. 73% of revenues were from location based service subscription fees and 27% were from product revenues.

Revenues from subscription fees increased by 19% over the same period last year. The growth was driven primarily by the increase in the subscriber base, which expanded from 1,057,000 as of December 31, 2016, to 1,160,000 as of December 31, 2017.

Product revenues increased by 29% compared with the same period last year. While product revenues can be volatile between quarters, the main contribution to growth was the higher product sales in Israel.

Gross profit for the fourth quarter of 2017 was $30.6 million (49.8% of revenues), an increase of 16% compared with $26.4 million (52.4% of revenues) in the fourth quarter of 2016.

The gross margin in the quarter on subscription fees improved to 67.0% compared with 65.5% in the same period last year. The gross margin in the quarter on products was 4.5% compared with 14.9% in the same period last year. The lower margin on products during the quarter was due to the mix of product sales in the quarter.

Operating profit for the fourth quarter of 2017 was $14.7 million (23.9% of revenues), an increase of 13% compared with an operating profit of $13.0 million (25.8% of revenues) in the fourth quarter of 2016.

Taxes in the quarter amounted to $5.3 million compared with taxes of $3.9 million in the fourth quarter of last year. The increase was due to tax assessments in Brazil and Israel of past year’s liabilities.

During the quarter, share in affiliates, net was an income of $3.0 million versus an income of $0.1 million in the same quarter of last year. The majority was due to a capital gain amounting to $2.3 million from an investment round at Bringg, one of Ituran’s early stage mobility technology companies, which was offset partially by Ituran’s share in Bringg’s results.

EBITDA for the quarter was a record $18.2 million (29.7% of revenues), an increase of 13% compared to an EBITDA of $16.0 million (31.9% of revenues) in the fourth quarter of 2016.

Net profit was $9.8 million in the fourth quarter of 2017 (16.0% of revenues) or fully diluted EPS of $0.47, an increase of 6% compared with a net profit of $9.3 million (18.4% of revenues) or fully diluted EPS of $0.44 in the fourth quarter of 2016.

Cash flow from operations for the quarter was $14.7 million.

Full Year Results

Revenues for 2017 reached a record $238.5 million, an increase of 20% compared with revenues of $199.6 million in 2016. The subscriber base grew by 103,000 or 10%, net during 2017. 71% of revenues were from location based service subscription fees and 29% from product revenues.

Revenues from subscription fees increased by 20% over those of last year, driven primarily by the increase in the subscriber base. Product revenues increased by 19% over those of last year.

Gross profit for 2017 was $119.4 million (50.0% of revenues), an increase of 17% compared with $102.0 million (51.1% of revenues) in 2016.

The gross margin in the year on subscription fees improved to 66.7% compared with 65.5% in the same period last year. The gross margin in the quarter on products was 9.0% compared with 15.6% in the same period last year. The generally lower margin on products in 2017 was due to the product mix sold in Israel.

Operating profit for 2017 was a record $56.5 million (23.7% of revenues), an increase of 18% compared with an operating profit of $48.0 million (24.1% of revenues) in 2016.

EBITDA for the year was a record $70.1 million (29.4% of revenues), an increase of 17% compared to an EBITDA of $59.6 million (29.9% of revenues) in 2016.

Share in affiliates, net was an income of $8.5 million in 2017, compared with a loss of $0.4 million last year. This included capital gains due to Ituran’s investment in Bringg in the amount of $4.6 million which was offset partially by Ituran’s share in Bringg’s results. The balance of the contribution to share in affiliates was primarily due to Ituran’s joint venture in Brazil and Argentina, Ituran Road Track.

Net income in 2017 was $43.8 million (18.4% of revenues) or fully diluted earnings per share of $2.09. This is an increase of 36% compared with a net income in 2016 of $32.1 million (16.1% of revenues) or fully diluted earnings per share of $1.53.

Cash flow from operations for 2017 was a record $43.9 million.

As of December 31, 2017, the Company had net cash, including marketable securities, of $40.4 million or $1.93 per share. This is compared with $31.5 million or $1.50 per share as at December 31, 2016.

Dividend

For the fourth quarter of 2017, a dividend of $5.0 million was declared in line with the Company’s stated current policy of issuing at least $5 million on a quarterly basis.

For the full year of 2017, the total dividend declared including that of the fourth quarter of 2017, was $20 million, representing 46% of the full year net income.

Management Comment

Eyal Sheratzky, Co-CEO of Ituran said, “We are pleased with our fourth quarter results ending the strongest year in our history with record revenue and profit. Our growth has been driven primarily by the ongoing growth in our subscriber base which looks to Ituran for its high quality connected car and stolen vehicle recovery services. Our IRT joint venture also continues to perform well and made an increasingly positive contribution to our profit during the year.”

Continued Mr. Sheratzky, “Another highlight of 2017 was the investments into one of our early stage technology holdings, Bringg, which led us to record to a $4.6 million in capital gains in 2017. Earlier in the year, we founded the Tel-Aviv based DRIVE startup incubator and innovation center to promote the development of smart mobility technology, together with leading car companies, Mayer, Hertz, Honda and Volvo. We see transportation and mobility technology as the next frontier of major technological advancement in the coming decade, and we aim to position Ituran as central player in this sphere. We look forward to continued strong growth and increasing profitability in 2018 and beyond.”

Conference Call Information

The Company will also be hosting a conference call later today, February 27, 2018 at 9am Eastern Time. On the call, management will review and discuss the results, and will be available to answer investor questions.

To participate, please call one of the following teleconferencing numbers. Please begin placing your calls a few minutes before the conference call commences. If you are unable to connect using the toll-free numbers, please try the international dial-in number.

US Dial-in Number: 1 888 668 9141

ISRAEL Dial-in Number: 03 918 0609

CANADA Dial-in Number: 1 888 604 5839

INTERNATIONAL Dial-in Number: +972 3 918 0609

at:

9:00am Eastern Time, 6:00am Pacific Time, 4:00pm Israel Time

For those unable to listen to the live call, a replay of the call will be available from the day after the call in the investor relations section of Ituran’s website.

Certain statements in this press release are "forward-looking statements" within the meaning of the Securities Act of 1933, as amended. These forward-looking statements include, but are not limited to, our plans, objectives, expectations and intentions and other statements contained in this report that are not historical facts as well as statements identified by words such as "expects", "anticipates", "intends", "plans", "believes", "seeks", "estimates" or words of similar meaning. These statements are based on our current beliefs or expectations and are inherently subject to significant uncertainties and changes in circumstances, many of which are beyond our control. Actual results may differ materially from these expectations due to changes in global political, economic, business, competitive, market and regulatory factors.

About Ituran

Ituran is a leader in the emerging mobility technology field, providing value-added location-based services, including a full suite of services for the connected-car. Ituran offers Stolen Vehicle Recovery, fleet management as well as mobile asset location, management & control services for vehicles, cargo and personal security. Its products and applications are used by customers in over 20 countries. Ituran is also the founder of the Tel-Aviv based DRIVE startup incubator to promote the development of smart mobility technology.

Ituran's subscriber base has been growing significantly since the Company's inception to well over 1 million subscribers using its location based services with a market leading position in Israel and Brazil. Established in 1995, Ituran has over 1,700 employees worldwide, with offices in Israel, Brazil, Argentina, India, Canada and the United States.

For more information, please visit Ituran’s website, at: www.ituran.com

Company Contact		International Investor Relations
Udi Mizrahi udi_m@ituran.com VP Finance, Ituran (Israel) +972 3 557 1348		Ehud Helft ituran@gkir.com GK Investor & Public Relations (US) +1 646 201 9246

ITURAN LOCATION AND CONTROL LTD. AND ITS SUBSIDIARIES

Consolidated Financial Statements

as of December 31, 2017

ITURAN LOCATION AND CONTROL LTD. AND ITS SUBSIDIARIES

Consolidated Financial Statements

As of December 31, 2017

Table of Contents

	Page
Consolidated Financial Statements:
Balance Sheets	2-3
Statements of Income	4
Statements of Cash Flows	5

CONSOLIDATED BALANCE SHEETS

	US dollars
	December 31,
(in thousands)	2017		2016

Current assets
Cash and cash equivalents		36,906		31,087
Investment in marketable securities		3,559		398
Accounts receivable (net of allowance for doubtful accounts)		41,009		33,865
Other current assets		47,932		35,522
Inventories		14,244		14,351
		143,650		115,223

Long-term investments and debit balances
Investments in affiliated companies		14,839		11,975
Investments in other companies		1,382		85
Other non-current assets		939		1,515
Deferred income taxes		1,860		2,280
Funds in respect of employee rights upon retirement		9,627		7,868
		28,647		23,723

Property and equipment, net		39,047		35,644

Intangible assets, net		38		23

Goodwill		3,777		3,406

Total assets		215,159		178,019

CONSOLIDATED BALANCE SHEETS

	US dollars
	December 31,
(in thousands)	2017		2016

Current liabilities
Credit from banking institutions		48		3
Accounts payable		23,264		18,624
Deferred revenues		12,796		10,762
Other current liabilities		29,644		26,738
		65,752		56,127

Long-term liabilities
Liability for employee rights upon retirement		14,062		11,751
Provision for contingencies		400		435
Deferred revenues		1,241		1,034
Other non-current liabilities		475		501
		16,178		13,721

Equity:
Stockholders' equity		125,790		102,229
Non - controlling interest		7,439		5,942
Total equity		133,229		108,171

Total liabilities and shareholders’ equity		215,159		178,019

CONSOLIDATED STATEMENTS OF INCOME

	US dollars						US dollars
	Year ended December 31,						Three months period ended December 31,
(in thousands except per share data)	2017			2016			2017			2016

Revenues:
Location-based services		169,752			141,940			44,468			37,267
Wireless communications products		68,773			57,634			16,822			13,094
		238,525			199,574			61,290			50,361
Cost of revenues:
Location-based services		56,572			48,916			14,683			12,850
Wireless communications products		62,569			48,627			16,030			11,139
		119,141			97,543			30,713			23,989

Gross profit		119,384			102,031			30,577			26,372
Research and development expenses		3,160			2,895			716			813
Selling and marketing expenses		12,246			10,074			2,695			2,603
General and administrative expenses		47,590			40,228			12,494			10,115
Other expenses (income), net		(147	)		836			(1	)		(137	)
Operating income		56,535			47,998			14,673			12,978
Financing income (expenses), net		(989	)		2,056			(2,080	)		810
Income before income taxes		55,546			50,054			12,593			13,788
Income tax expenses		(17,705	)		(14,877	)		(5,317	)		(3,932	)
Share in gains (losses) of affiliated company, net		8,520			(449	)		3,033			105
Net income for the period		46,361			34,728			10,309			9,961
Less: Net income attributable to non-controlling interest		(2,567	)		(2,589	)		(485	)		(704	)
Net income attributable to the company		43,794			32,139			9,824			9,257

Basic and diluted earnings per share attributable to Company’s stockholders		2.09			1.53			0.47			0.44

Basic and diluted weighted average Number of shares outstanding (in thousands)		20,968			20,968			20,968			20,968

CONSOLIDATED STATEMENTS OF CASH FLOWS

	US dollars						US dollars
	Year ended December 31,						Three months period ended December 31,
(in thousands)	2017			2016			2017			2016
Cash flows from operating activities
Net income for the period		46,361			34,728			10,309			9,961
Adjustments to reconcile net income to net cash from operating activities:
Depreciation, amortization and impairment of goodwill		13,519			11,635			3,537			3,065
Loss (gains) in respect of trading marketable securities		(397	)		(115	)		(196	)		(20	)
Increase in liability for employee rights upon retirement		1,025			890			198			(70	)
Share in losses (gains) of affiliated company, net		(8,520	)		449			(3,033	)		(105	)
Deferred income taxes		(516	)		(1,114	)		(248	)		(278	)
Capital (gain) losses on sale of property and equipment, net		(1	)		(52	)		56			(34	)
Decrease (increase) in accounts receivable		(4,769	)		(4,552	)		4,139			2,918
increase in other current and non-current assets		(11,517	)		(5,033	)		(3,323	)		4,047
Decrease (increase) in inventories		1,632			(1,424	)		1,087			(698	)
Increase in accounts payable		3,751			5,884			2,084			1,048
Increase (decrease) in deferred revenues		2,238			(1,122	)		(448	)		(2,779	)
Increase (decrease) in other current and non-current liabilities		1,101			1,298			566			(2,690	)
Net cash provided by operating activities		43,907			41,472			14,728			14,365

Cash flows from investment activities
Increase in funds in respect of employee rights upon
retirement, net of withdrawals		(844	)		(644	)		(225	)		(62	)
Capital expenditures		(16,159	)		(13,645	)		(5,363	)		(4,596	)
Investment in marketable securities		(8,623	)		(3,154	)		(2,016	)		(1,078	)
Investments in affiliated companies		(900	)		(8,920	)		(803	)		(1,739	)
Investments in other companies		(1,274	)		-			(213	)		-
Repayment of loans from affiliated companies		6,982			1,512			2,677			1,512
Proceed from long term deposit		450			16			318			-
Sale of marketable securities		5,368			4,633			1,944			1,018
Proceeds from sale of property and equipment		315			342			10			209
Net cash used in investment activities		(14,685	)		(19,860	)		(3,671	)		(4,736	)

Cash flows from financing activities
Short term credit from banking institutions, net		23			(152	)		(102	)		-
Dividend paid		(22,645	)		(17,088	)		(5,032	)		(3,774	)
Dividend paid to non-controlling interest		(1,644	)		(994	)		(472	)		(54	)
Net cash provided by (used in) in financing activities		(24,266	)		(18,234	)		(5,606	)		(3,828	)
Effect of exchange rate changes on cash and cash equivalents		863			693			(366	)		(346	)
Net Increase (decrease) in cash and cash equivalents		5,819			4,071			5,085			5,455
Balance of cash and cash equivalents at beginning of period		31,087			27,016			31,821			25,632
Balance of cash and cash equivalents at end of period		36,906			31,087			36,906			31,087

Supplementary information on financing and investing activities not involving cash flows:

During the years 2017 and 2016, the company purchased property and equipment in an amount of US$ 373 thousand and US$ 224 thousand, respectively, using a directly related liability.

In November 2017, the Company declared a dividend in an amount of US$ 5 million. The dividend was paid in January 2018.