Marba\u015f Menkul De\u011ferler, T\u00fcrk Trakt\u00f6r’\u00fcn (TTRAK) 2026 y\u0131l\u0131 ikinci \u00e7eyrek finansal sonu\u00e7lar\u0131n\u0131 de\u011ferlendirdi\u011fi analizinde, sekt\u00f6rde ya\u015fanan sert daralman\u0131n \u015firketin operasyonel performans\u0131 \u00fczerinde bask\u0131 olu\u015fturmaya devam etti\u011fini belirterek bilan\u00e7o sonu\u00e7lar\u0131n\u0131\u00a0“s\u0131n\u0131rl\u0131 olumsuz” olarak de\u011ferlendirdi.<\/p>\n
\u015eirket, 2026 y\u0131l\u0131n\u0131n ikinci \u00e7eyre\u011finde 12,92 milyar TL has\u0131lat, 569,6 milyon TL FAV\u00d6K ve 695,9 milyon TL net kar a\u00e7\u0131klad\u0131. Has\u0131lat ve FAV\u00d6K beklentilere paralel ger\u00e7ekle\u015firken, net k\u00e2r beklentilerin \u00fczerinde geldi.<\/p>\n
Analizde, trakt\u00f6r sekt\u00f6r\u00fcn\u00fcn y\u0131l\u0131n ilk yar\u0131s\u0131nda olduk\u00e7a zay\u0131f bir d\u00f6nem ge\u00e7irdi\u011fi vurgulan\u0131rken, ikinci \u00e7eyrekte trakt\u00f6r pazar\u0131n\u0131n y\u0131ll\u0131k bazda y\u00fczde 51 darald\u0131\u011f\u0131, ilk alt\u0131 aydaki toplam daralman\u0131n ise y\u00fczde 55’e ula\u015ft\u0131\u011f\u0131 ifade edildi.<\/p>\n
Buna kar\u015f\u0131n T\u00fcrk Trakt\u00f6r’\u00fcn pazar pay\u0131n\u0131 ge\u00e7en y\u0131l\u0131n ayn\u0131 d\u00f6nemindeki y\u00fczde 40,9 seviyesinden y\u00fczde 41,8’e y\u00fckseltmeyi ba\u015fard\u0131\u011f\u0131, ancak toplam pazar hacmindeki sert k\u00fc\u00e7\u00fclmenin \u015firketin finansal performans\u0131n\u0131 olumsuz etkiledi\u011fi belirtildi.<\/p>\n
Raporda, ge\u00e7mi\u015f d\u00f6nemde \u015firketi zorlayan Tier-3’ten Tier-5 emisyon standard\u0131na ge\u00e7i\u015f s\u00fcrecinin tamamland\u0131\u011f\u0131na dikkat \u00e7ekildi. 2026 y\u0131l\u0131 itibar\u0131yla Tier-5 standard\u0131n\u0131n zorunlu hale gelmesiyle birlikte T\u00fcrk Trakt\u00f6r’\u00fcn kaybetti\u011fi pazar pay\u0131n\u0131 yeniden kazanmaya ba\u015flad\u0131\u011f\u0131, ancak pazar\u0131n daralm\u0131\u015f olmas\u0131 nedeniyle bunun operasyonel performansa yeterince yans\u0131mad\u0131\u011f\u0131 ifade edildi.<\/p>\n
\u0130kinci \u00e7eyrekte \u015firketin trakt\u00f6r \u00fcretimi ge\u00e7en y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re y\u00fczde 34 azalarak 4 bin 980 adede gerilerken, yurt i\u00e7i sat\u0131\u015flar y\u00fczde 52 d\u00fc\u015f\u00fc\u015fle 2 bin 126 adede indi. Buna kar\u015f\u0131l\u0131k ihracat sat\u0131\u015flar\u0131 y\u00fczde 39 art\u0131\u015fla 3 bin 764 adede y\u00fckseldi. B\u00f6ylece toplam trakt\u00f6r sat\u0131\u015f\u0131 5 bin 890 adet olarak ger\u00e7ekle\u015fti.<\/p>\n
T\u00fcrk Trakt\u00f6r, y\u0131l sonu yurt i\u00e7i trakt\u00f6r sat\u0131\u015f beklentisini de revize ederek daha \u00f6nce 8 bin-10 bin adet olarak a\u00e7\u0131klad\u0131\u011f\u0131 tahmini 8 bin 500-10 bin adet aral\u0131\u011f\u0131na y\u00fckseltti.<\/p>\n
K\u00e2rl\u0131l\u0131k taraf\u0131nda ise bask\u0131n\u0131n s\u00fcrd\u00fc\u011f\u00fc belirtildi. \u015eirketin br\u00fct kar\u0131 1,16 milyar TL olurken, br\u00fct k\u00e2r marj\u0131 y\u0131ll\u0131k bazda 6,62 puan gerileyerek y\u00fczde 9 seviyesine indi.<\/p>\n
FAV\u00d6K y\u0131ll\u0131k y\u00fczde 65 d\u00fc\u015f\u00fc\u015fle 569,6 milyon TL olarak ger\u00e7ekle\u015firken, FAV\u00d6K marj\u0131 da y\u00fczde 4,41’e geriledi. Buna ra\u011fmen ilk \u00e7eyre\u011fe k\u0131yasla operasyonel tarafta k\u0131smi bir toparlanma ya\u015fand\u0131\u011f\u0131 ifade edildi.<\/p>\n
Analizde ayr\u0131ca, kurumlar vergisi oran\u0131n\u0131n y\u00fczde 12,5’e d\u00fc\u015f\u00fcr\u00fclmesi nedeniyle kaydedilen 969 milyon TL tutar\u0131ndaki ertelenmi\u015f vergi gelirinin net k\u00e2r\u0131 \u00f6nemli \u00f6l\u00e7\u00fcde destekledi\u011fi ve \u015firketin \u00fcst \u00fcste iki \u00e7eyrek s\u00fcren net zarar d\u00f6neminin ard\u0131ndan yeniden net k\u00e2r a\u00e7\u0131klad\u0131\u011f\u0131na dikkat \u00e7ekildi.<\/p>\n
Bor\u00e7luluk taraf\u0131nda ise olumlu bir g\u00f6r\u00fcn\u00fcm \u00f6ne \u00e7\u0131kt\u0131.<\/p>\n
\u015eirket y\u0131l\u0131n ilk yar\u0131s\u0131nda 8,17 milyar TL ve 3,89 milyon euro tutar\u0131nda kredi geri \u00f6derken, 7,24 milyar TL yeni kredi kulland\u0131. D\u00f6nem sonunda finansal bor\u00e7lar y\u0131ll\u0131k bazda y\u00fczde 18 azalarak 14,46 milyar TL’ye, net bor\u00e7 ise y\u00fczde 9 d\u00fc\u015f\u00fc\u015fle 8,97 milyar TL’ye geriledi. Net Bor\u00e7\/FAV\u00d6K oran\u0131 da 2,62 seviyesine indi.<\/p>\n
Marba\u015f Menkul De\u011ferler, pazar pay\u0131ndaki art\u0131\u015f ve bor\u00e7luluk g\u00f6stergelerindeki iyile\u015fmenin olumlu oldu\u011funu belirtirken, yurt i\u00e7i trakt\u00f6r talebindeki zay\u0131f seyrin k\u0131sa vadede \u015firket \u00fczerindeki bask\u0131y\u0131 s\u00fcrd\u00fcrmesini beklediklerini kaydetti.<\/p>\n
Analizde, sekt\u00f6r\u00fcn ilk yar\u0131da ya\u015fad\u0131\u011f\u0131 y\u00fczde 55’lik daralman\u0131n operasyonel performans \u00fczerindeki belirleyici etkisini korudu\u011fu, ikinci \u00e7eyrekte operasyonel tarafta g\u00f6r\u00fclen k\u0131smi toparlanmaya ra\u011fmen bilan\u00e7o sonu\u00e7lar\u0131n\u0131n genel olarak “s\u0131n\u0131rl\u0131 olumsuz” de\u011ferlendirildi\u011fi ifade edildi.<\/p>\n
<\/strong> \u0130stanbul, 4 A\u011fustos (Hibya) \u2013 Marba\u015f Menkul De\u011ferler, T\u00fcrk Trakt\u00f6r’\u00fcn (TTRAK) 2026 y\u0131l\u0131 ikinci \u00e7eyrek finansal sonu\u00e7lar\u0131n\u0131 de\u011ferlendirdi\u011fi analizinde, sekt\u00f6rde ya\u015fanan sert daralman\u0131n \u015firketin operasyonel performans\u0131 \u00fczerinde bask\u0131 olu\u015fturmaya devam etti\u011fini belirterek bilan\u00e7o sonu\u00e7lar\u0131n\u0131\u00a0“s\u0131n\u0131rl\u0131 olumsuz” olarak de\u011ferlendirdi.<\/p>\n","protected":false},"author":1,"featured_media":126438,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAow07ekDA:productID":"","footnotes":""},"categories":[4,1,9],"tags":[],"class_list":["post-126437","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dunya","category-ekonomi","category-manset"],"_links":{"self":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/126437","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/comments?post=126437"}],"version-history":[{"count":0,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/126437\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media\/126438"}],"wp:attachment":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media?parent=126437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/categories?post=126437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/tags?post=126437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nEKONOM\u0130 GAZETES\u0130 <\/p>\n","protected":false},"excerpt":{"rendered":"