Gedik Yat\u0131r\u0131m\u2019\u0131n yay\u0131mlad\u0131\u011f\u0131 de\u011ferlendirmeye g\u00f6re, Ere\u011fli Demir ve \u00c7elik Fabrikalar\u0131 T.A.\u015e.\u2019nin 2026 y\u0131l\u0131 \u00fc\u00e7\u00fcnc\u00fc \u00e7eyre\u011finde net sat\u0131\u015flar\u0131 ge\u00e7en y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re y\u00fczde 34,62 artarak 71 milyar 291 milyon TL\u2019ye ula\u015ft\u0131. \u015eirketin y\u0131l\u0131n ilk dokuz ay\u0131ndaki net sat\u0131\u015flar\u0131 ise y\u00fczde 32,41 art\u0131\u015fla 195 milyar 859 milyon TL seviyesinde ger\u00e7ekle\u015fti.<\/p>\n
\u015eirketin faiz, amortisman ve vergi \u00f6ncesi kar\u0131 (FAV\u00d6K), \u00fc\u00e7\u00fcnc\u00fc \u00e7eyrekte y\u0131ll\u0131k y\u00fczde 68,41 art\u0131\u015fla 7 milyar 977 milyon TL oldu. \u0130lk dokuz ayl\u0131k FAV\u00d6K ise ge\u00e7en y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re y\u00fczde 56,78 artarak 20 milyar 378 milyon TL\u2019ye y\u00fckseldi. FAV\u00d6K marj\u0131 \u00fc\u00e7\u00fcnc\u00fc \u00e7eyrekte 224 baz puan art\u0131\u015fla y\u00fczde 11,2\u2019ye, dokuz ayl\u0131k d\u00f6nemde ise 162 baz puan y\u00fckseli\u015fle y\u00fczde 10,4\u2019e \u00e7\u0131kt\u0131.<\/p>\n
Gedik Yat\u0131r\u0131m de\u011ferlendirmesinde, \u015firketin \u00fc\u00e7\u00fcnc\u00fc \u00e7eyrek net kar\u0131n\u0131n y\u0131ll\u0131k y\u00fczde 239,47 art\u0131\u015fla 2 milyar 210 milyon TL olarak ger\u00e7ekle\u015fti\u011fi, ilk dokuz ayl\u0131k net kar\u0131n da y\u00fczde 367,41 artarak 11 milyar 143 milyon TL\u2019ye ula\u015ft\u0131\u011f\u0131 belirtildi. Net kar\u0131n, a\u011f\u0131rl\u0131kl\u0131 olarak y\u00fczde 1,5 seviyesinde ger\u00e7ekle\u015fen ve beklentilerin alt\u0131nda kalan efektif vergi oran\u0131n\u0131n etkisiyle piyasa konsens\u00fcs\u00fcn\u00fcn \u00fczerinde geldi\u011fi ifade edildi.<\/p>\n
Net sat\u0131\u015flar\u0131n piyasa beklentisinin y\u00fczde 2 \u00fczerinde ger\u00e7ekle\u015fti\u011fi, FAV\u00d6K\u2019\u00fcn ise beklentinin y\u00fczde 3 alt\u0131nda kald\u0131\u011f\u0131 aktar\u0131ld\u0131. Y\u0131ll\u0131k bazda net sat\u0131\u015flar ve FAV\u00d6K\u2019teki art\u0131\u015f\u0131n yan\u0131 s\u0131ra FAV\u00d6K marj\u0131ndaki geni\u015flemenin karl\u0131l\u0131k g\u00f6r\u00fcn\u00fcm\u00fcn\u00fc destekledi\u011fi kaydedildi. Net kardaki y\u0131ll\u0131k y\u00fckseli\u015fte d\u00fc\u015f\u00fck baz etkisinin de rol oynad\u0131\u011f\u0131 belirtildi.<\/p>\n
\u00c7eyreklik bazda net sat\u0131\u015flar\u0131n y\u00fczde 10, FAV\u00d6K\u2019\u00fcn y\u00fczde 21 artt\u0131\u011f\u0131 ifade edilen de\u011ferlendirmede, FAV\u00d6K marj\u0131n\u0131n ikinci \u00e7eyrekteki y\u00fczde 10,1 seviyesinden \u00fc\u00e7\u00fcnc\u00fc \u00e7eyrekte y\u00fczde 11,2\u2019ye y\u00fckseldi\u011fi bildirildi.<\/p>\n
Ton ba\u015f\u0131na FAV\u00d6K\u2019\u00fcn ikinci \u00e7eyrekteki 75 dolar ve ge\u00e7en y\u0131l\u0131n \u00fc\u00e7\u00fcnc\u00fc \u00e7eyre\u011findeki 68 dolar seviyelerinden 100 dolara \u00e7\u0131kt\u0131\u011f\u0131 aktar\u0131ld\u0131. Bu rakam\u0131n \u00e7eyreklik bazda y\u00fczde 33, y\u0131ll\u0131k bazda ise y\u00fczde 47 art\u0131\u015fa i\u015faret etti\u011fi belirtildi. Ton ba\u015f\u0131na FAV\u00d6K\u2019\u00fcn 2024\u2019\u00fcn ikinci \u00e7eyre\u011finden bu yana en y\u00fcksek seviyesine ula\u015ft\u0131\u011f\u0131, ancak 2023 ve 2024\u2019\u00fcn ba\u015flar\u0131nda g\u00f6r\u00fclen 111-124 dolar aral\u0131\u011f\u0131n\u0131n alt\u0131nda kald\u0131\u011f\u0131 kaydedildi.<\/p>\n
\u015eirketin sat\u0131\u015f hacminin y\u0131ll\u0131k y\u00fczde 11, \u00e7eyreklik y\u00fczde 1 art\u0131\u015fla 2,15 milyon tona ula\u015ft\u0131\u011f\u0131, s\u0131v\u0131 \u00e7elik \u00fcretiminin ise y\u0131ll\u0131k y\u00fczde 9 ve \u00e7eyreklik y\u00fczde 4 artarak 2,40 milyon ton oldu\u011fu bildirildi. Kapasite kullan\u0131m oran\u0131n\u0131n 2025\u2019teki y\u00fczde 85 seviyesinden 2026\u2019n\u0131n ilk dokuz ay\u0131nda y\u00fczde 96\u2019ya y\u00fckseldi\u011fi ifade edildi.<\/p>\n
Gedik Yat\u0131r\u0131m, net kar\u0131n \u00e7eyreklik bazda y\u00fczde 74 gerileyerek 2 milyar 210 milyon TL\u2019ye d\u00fc\u015fmesinde, ikinci \u00e7eyrekte kaydedilen 216 milyon dolarl\u0131k \u00f6nemli ertelenmi\u015f vergi gelirinin etkili oldu\u011funu belirtti. \u015eirketin net borcunun ikinci \u00e7eyrek sonundaki 39,5 milyar TL\u2019den 50,5 milyar TL\u2019ye y\u00fckseldi\u011fi, net bor\u00e7\/FAV\u00d6K oran\u0131n\u0131n da 1,6 kattan 1,8 kata \u00e7\u0131kt\u0131\u011f\u0131 aktar\u0131ld\u0131. Buna kar\u015f\u0131n kald\u0131ra\u00e7 seviyesinin y\u00f6netilebilir d\u00fczeyde oldu\u011fu de\u011ferlendirmesi yap\u0131ld\u0131.<\/p>\n
\u00dc\u00e7\u00fcnc\u00fc \u00e7eyrek performans\u0131n\u0131n, bask\u0131lanm\u0131\u015f seviyelerden normalle\u015fmenin devam\u0131 ve birim karl\u0131l\u0131kta daha belirgin bir iyile\u015fme olarak de\u011ferlendirildi\u011fi ifade edildi. Sonu\u00e7lar\u0131n hen\u00fcz \u00e7elik d\u00f6ng\u00fcs\u00fcnde yap\u0131sal bir d\u00f6n\u00fc\u015f\u00fc i\u015faret etmedi\u011fi, ancak yurt i\u00e7i talebin diren\u00e7li seyretmesinin toparlanmay\u0131 destekleyebilece\u011fi kaydedildi.<\/p>\n
Gedik Yat\u0131r\u0131m\u2019\u0131n de\u011ferlendirmesinde, Ere\u011fli Demir \u00c7elik hissesinin son alt\u0131 ayda BIST 100 Endeksi\u2019ne k\u0131yasla y\u00fczde 30 daha iyi performans g\u00f6sterdi\u011fi belirtildi. Hissenin 2026 ve 2027 y\u0131llar\u0131 i\u00e7in s\u0131ras\u0131yla 10 ve 7,5 fiyat\/kazan\u00e7 \u00e7arpanlar\u0131yla i\u015flem g\u00f6rd\u00fc\u011f\u00fc ifade edilirken, hisseye y\u00f6nelik g\u00f6r\u00fc\u015f\u00fcn \u201cn\u00f6tr\u201d oldu\u011fu bildirildi.<\/p>\n
EREGL hissesi 35,10 TL seviyesinde bulunurken, hedef fiyat 59,20 TL olarak a\u00e7\u0131kland\u0131. Bu hedef fiyat, mevcut seviyeye g\u00f6re y\u00fczde 68,66 potansiyel getiriye i\u015faret ediyor. \u015eirketin piyasa de\u011feri 245 milyar 700 milyon TL, firma de\u011feri ise 296 milyar 237 milyon TL olarak kaydedildi.<\/p>\n
Gedik Yat\u0131r\u0131m verilerine g\u00f6re, \u015firketin dola\u015f\u0131mdaki paylar\u0131n\u0131n y\u00fczde 48\u2019i fiili dola\u015f\u0131mda bulunuyor. Dola\u015f\u0131mdaki paylar i\u00e7indeki yabanc\u0131 yat\u0131r\u0131mc\u0131 oran\u0131 y\u00fczde 29,72 seviyesinde ger\u00e7ekle\u015firken, bu oran \u00fc\u00e7 ay \u00f6nce y\u00fczde 22,32 olarak kaydedilmi\u015fti.<\/p>\n
Ortakl\u0131k yap\u0131s\u0131nda Ataer Holding A.\u015e. y\u00fczde 49,54 payla ilk s\u0131rada yer al\u0131rken, di\u011fer ortaklar\u0131n pay\u0131 y\u00fczde 42,45 oldu. OYAK Portf\u00f6y \u00dc\u00e7\u00fcnc\u00fc Serbest (TL) Fon\u2019un pay\u0131 y\u00fczde 4,04, Ere\u011fli Demir ve \u00c7elik Fabrikalar\u0131 T.A.\u015e.\u2019nin pay\u0131 ise y\u00fczde 3,97 olarak belirtildi.<\/p>\n
<\/strong> \u0130stanbul, 23 Ekim (Hibya) – Gedik Yat\u0131r\u0131m, Ere\u011fli Demir ve \u00c7elik Fabrikalar\u0131 T.A.\u015e.\u2019nin 2026 y\u0131l\u0131 \u00fc\u00e7\u00fcnc\u00fc \u00e7eyrek finansal sonu\u00e7lar\u0131n\u0131 de\u011ferlendirdi. \u015eirketin net sat\u0131\u015flar\u0131 y\u0131ll\u0131k y\u00fczde 34,62, FAV\u00d6K\u2019\u00fc y\u00fczde 68,41 ve net kar\u0131 y\u00fczde 239,47 artarken, hisse i\u00e7in n\u00f6tr g\u00f6r\u00fc\u015f bildirildi.<\/p>\n","protected":false},"author":1,"featured_media":171850,"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-171849","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\/171849","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=171849"}],"version-history":[{"count":0,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/171849\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media\/171850"}],"wp:attachment":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media?parent=171849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/categories?post=171849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/tags?post=171849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nEKONOM\u0130 GAZETES\u0130 <\/p>\n","protected":false},"excerpt":{"rendered":"