{"id":167337,"date":"2026-10-15T11:30:06","date_gmt":"2026-10-15T08:30:06","guid":{"rendered":"https:\/\/ekonomigundemi.com.tr\/index.php\/2026\/10\/15\/orzax-halka-arzla-guclenen-finansal-yapisini-buyumeye-tasiyor"},"modified":"2026-10-15T11:30:06","modified_gmt":"2026-10-15T08:30:06","slug":"orzax-halka-arzla-guclenen-finansal-yapisini-buyumeye-tasiyor","status":"publish","type":"post","link":"https:\/\/ekonomigundemi.com.tr\/index.php\/2026\/10\/15\/orzax-halka-arzla-guclenen-finansal-yapisini-buyumeye-tasiyor\/","title":{"rendered":"Orzax, halka arzla g\u00fc\u00e7lenen finansal yap\u0131s\u0131n\u0131 b\u00fcy\u00fcmeye ta\u015f\u0131yor"},"content":{"rendered":"

T\u00fcrkiye\u2019nin lider takviye edici g\u0131da markas\u0131 Orzax, yakla\u015f\u0131k 30 bin eczaneye ula\u015fan da\u011f\u0131t\u0131m a\u011f\u0131 ve \u00fcretim yat\u0131r\u0131mlar\u0131yla b\u00fcy\u00fcmesini desteklerken nakit ak\u0131\u015f\u0131 ve operasyonel verimlili\u011fi \u00f6nceliklendiriyor. \u015eirket, halka arz gelirlerini i\u015fletme sermayesini g\u00fc\u00e7lendirmek ve finansal bor\u00e7lulu\u011funu azaltmak i\u00e7in de\u011ferlendiriyor.<\/p>\n

Esenyurt Fabrika-3 yat\u0131r\u0131m\u0131n\u0131n tamamlanmas\u0131yla birlikte, yat\u0131r\u0131m harcamalar\u0131n\u0131n sat\u0131\u015flara oran\u0131n\u0131n 2026\u2019daki yakla\u015f\u0131k y\u00fczde 12,1 seviyesinden 2027 itibar\u0131yla y\u00fczde 1\u2019e gerilemesi \u00f6ng\u00f6r\u00fcl\u00fcyor. Bu s\u00fcre\u00e7te yat\u0131r\u0131m harcamalar\u0131n\u0131n a\u011f\u0131rl\u0131kl\u0131 olarak rutin bak\u0131m ve onar\u0131m \u00e7al\u0131\u015fmalar\u0131na, dijital altyap\u0131n\u0131n geli\u015ftirilmesine ve Kazakistan\u2019daki b\u00f6lgesel \u00fcretim tesisinin tamamlanmas\u0131na y\u00f6nlendirilmesi planlan\u0131yor.<\/p>\n

Fabrika-3 ile maliyet avantaj\u0131<\/p>\n

Yap\u0131 kullan\u0131m izin belgesi al\u0131nan Fabrika-3’\u00fcn, validasyon ve ruhsatland\u0131rma s\u00fcre\u00e7lerinin ard\u0131ndan 2026 sonuna kadar kademeli olarak devreye al\u0131nmas\u0131 planlan\u0131yor. Probiyotik mikroorganizma su\u015flar\u0131 ve biyoteknolojik etken maddelerin yerli \u00fcretimiyle ithalata ba\u011f\u0131ml\u0131l\u0131\u011f\u0131n azalt\u0131lmas\u0131, kur dalgalanmalar\u0131na ve tedarik zinciri aksamalar\u0131na kar\u015f\u0131 maliyet avantaj\u0131 sa\u011flanmas\u0131 hedefleniyor.<\/p>\n

Orzax CFO\u2019su Y\u00fcksel Akarsu, dikey entegrasyonla birim maliyetlerin d\u00fc\u015fmesini ve y\u00fczde 60-65 aral\u0131\u011f\u0131ndaki br\u00fct k\u00e2r marj\u0131n\u0131n y\u00fckselmesini bekliyor. Akarsu, orta-uzun vadede y\u00fczde 30’un \u00fczerinde s\u00fcrd\u00fcr\u00fclebilir FAV\u00d6K marj\u0131na ula\u015fmay\u0131 hedeflediklerini, sermaye harcamalar\u0131n\u0131n azalmas\u0131yla d\u00fc\u015f\u00fck hammadde maliyetleri ve artan faaliyet k\u00e2rl\u0131l\u0131\u011f\u0131n\u0131n serbest nakit ak\u0131m\u0131n\u0131 g\u00fc\u00e7lendirece\u011fini ifade etti.<\/p>\n

\"\"\n<\/p>\n

Net i\u015fletme sermayesi 3,2 milyar TL\u2019yi a\u015ft\u0131<\/p>\n

Orzax\u2019\u0131n net i\u015fletme sermayesi 2026\u2019n\u0131n ilk yar\u0131s\u0131nda 3,2 milyar TL\u2019yi a\u015farken cari oran\u0131 1,56 oldu. Ayn\u0131 d\u00f6nemde ortalama tedarik\u00e7i \u00f6deme vadesi 58 g\u00fcn, tahsilat s\u00fcresi ise 117 g\u00fcn olarak ger\u00e7ekle\u015fti. \u015eirket, y\u0131l\u0131n ikinci yar\u0131s\u0131nda halka arz gelirleri ve tahsilat s\u00fcrelerindeki normalle\u015fmeyle i\u015fletme sermayesi verimlili\u011fini art\u0131rmay\u0131 hedefliyor.\u00a0<\/p>\n

Bu do\u011frultuda likidite y\u00f6netiminin \u00f6nemine dikkat \u00e7eken Akarsu, belirsizlikler kar\u015f\u0131s\u0131nda izledikleri stratejiyi \u015f\u00f6yle anlatt\u0131:\u00a0<\/p>\n

\u201cBelirsizliklerin y\u00fcksek oldu\u011fu bir d\u00f6nemde b\u00fcy\u00fcme, yat\u0131r\u0131m, nakit y\u00f6netimi ve riskler aras\u0131nda dengeyi \u2018Operasyonel \u00c7eviklik ve Dinamik Likidite Y\u00f6netimi\u2019 ilkemizle sa\u011fl\u0131yoruz. Tek bir planla ilerlemek yerine, \u00e7oklu senaryo modellemeleriyle likidite tamponlar\u0131m\u0131z\u0131 s\u00fcrekli g\u00fcncel tutuyoruz.\u201d\u00a0<\/p>\n

Y\u00fcksek faiz ve s\u0131k\u0131 finansman ko\u015fullar\u0131nda k\u0131sa vadeli bor\u00e7lanma bask\u0131s\u0131n\u0131 azaltarak net borcu h\u0131zla a\u015fa\u011f\u0131 \u00e7ektiklerini belirten Akarsu, g\u00fc\u00e7l\u00fc FAV\u00d6K marj\u0131 ve operasyonel nakit yaratma kapasitesini koruyarak yat\u0131r\u0131mlar\u0131n \u00f6z kaynakla finanse edilen k\u0131sm\u0131n\u0131 g\u00fc\u00e7lendirdiklerini ifade etti. Kaynaklar\u0131n\u0131 ise \u00fcretim kapasitesinin art\u0131r\u0131lmas\u0131na, dermokozmetik faaliyetlerine ve dikey entegrasyon yat\u0131r\u0131mlar\u0131na y\u00f6nlendirmeye devam edeceklerini belirtti.<\/p>\n

\u00a0<\/p>\n

<\/strong>
\nEKONOM\u0130 GAZETES\u0130 <\/p>\n","protected":false},"excerpt":{"rendered":"

T\u00fcrkiye\u2019nin en itibarl\u0131 ve lider g\u0131da takviyesi markas\u0131 Orzax, Temmuz 2026\u2019da halka arz\u0131n ard\u0131ndan g\u00fc\u00e7l\u00fc finansal yap\u0131s\u0131yla 2027 y\u0131l\u0131nda 14,3 milyar TL ciro ve 4,5 milyar TL FAV\u00d6K hedefliyor. Orzax CFO\u2019su Y\u00fcksel Akarsu, b\u00fcy\u00fcme hedefleri do\u011frultusunda Esenyurt Fabrika-3 yat\u0131r\u0131m\u0131yla yerli \u00fcretimi art\u0131rmay\u0131, ithalata ba\u011f\u0131ml\u0131l\u0131\u011f\u0131 azaltmay\u0131 ve maliyet avantaj\u0131 sa\u011flamay\u0131 planlad\u0131klar\u0131n\u0131 belirtti.<\/p>\n","protected":false},"author":1,"featured_media":167338,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAow07ekDA:productID":"","footnotes":""},"categories":[4,10,11,9],"tags":[],"class_list":["post-167337","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dunya","category-otomobil","category-saglik","category-manset"],"_links":{"self":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/167337","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=167337"}],"version-history":[{"count":0,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/167337\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media\/167338"}],"wp:attachment":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media?parent=167337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/categories?post=167337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/tags?post=167337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}