Marba\u015f Menkul De\u011ferler taraf\u0131ndan yay\u0131mlanan \u015ei\u015fecam analizinde; \u00fcretim verileri, segment bazl\u0131 performanslar ve \u015firketin 2026 y\u0131l\u0131 yat\u0131r\u0131m ajandas\u0131na dair \u015fu detaylar payla\u015f\u0131ld\u0131:<\/p>\n
\u201cSISE, 2025 4.\u00e7eyrekte 55,18 mlr TL has\u0131lat, 2,93 mlr TL FAV\u00d6K, 3,88 mlr TL net kar ile piyasa beklentilerinin \u00fczerinde Sat\u0131\u015f ve Net Kar, beklentilerin alt\u0131nda FAVOK a\u00e7\u0131klad\u0131\u011f\u0131n\u0131 g\u00f6rmekteyiz.\u00a0 4Q25\u2019de ge\u00e7ti\u011fimiz y\u0131l\u0131n ayn\u0131 d\u00f6nemine k\u0131yasla y\u00fczde 3.5 art\u0131\u015f g\u00f6rmekteyiz. 2025 y\u0131l\u0131nda ge\u00e7ti\u011fimiz y\u0131l\u0131n ayn\u0131 d\u00f6nemine k\u0131yasla y\u00fczde 7.6 daralma g\u00f6rmekteyiz. Segment bazl\u0131 bakt\u0131\u011f\u0131m\u0131zda ise en b\u00fcy\u00fck daralman\u0131n s\u0131ras\u0131yla y\u00fczde 38,2 ve y\u00fczde 14.5 ile Enerji ve Cam Ev E\u015fyas\u0131nda ger\u00e7ekle\u015fti\u011fini izlerken Cam Ambalaj ve End\u00fcstriyel Cam grubunda d\u00fc\u015f\u00fck tek haneli b\u00fcy\u00fcme g\u00f6rmekteyiz. Mimari Cam segmenti ise ge\u00e7ti\u011fimiz y\u0131la k\u0131yasla yatay seyrin korundu\u011funu g\u00f6rmekteyiz.\u00a0<\/p>\n
B\u00f6lgesel k\u0131r\u0131l\u0131mlara bakt\u0131\u011f\u0131m\u0131zda ise ge\u00e7ti\u011fimiz y\u0131la k\u0131yasla y\u00fczde 11,7 b\u00fcy\u00fcme g\u00f6steren Rusya, Ukrayna ve G\u00fcrcistan b\u00f6lgesi haricinde ortalama y\u00fczde 5-10 band\u0131nda daralma g\u00f6rmekteyiz.\u00a0<\/p>\n
2025 y\u0131l\u0131nda 5,6 m ton Cam \u00fcretimi, 4,3 m ton Soda K\u00fcl\u00fc \u00fcretimi ve 4 m ton End\u00fcstriyel Hammadde \u00fcretimi ger\u00e7ekle\u015ftirirken ge\u00e7ti\u011fimiz y\u0131la k\u0131yasla s\u0131ras\u0131yla Cam \u00fcretiminde yatay seyir izlenirken, Soda K\u00fcl\u00fc \u00fcretiminde y\u00fczde 4,4 daralma g\u00f6r\u00fcrken End\u00fcstriyel Hammadde \u00fcretiminde ise y\u00fczde 5,2 art\u0131\u015f g\u00f6rmekteyiz. Cam ve Soda K\u00fcl\u00fc \u00fcretim verilerinde maj\u00f6r bir de\u011fi\u015fim olmasa da s\u0131n\u0131rl\u0131 da olsa toparlanma g\u00f6rsek de zay\u0131f talep ve arz fazlas\u0131n\u0131n \u00fcr\u00fcn fiyatlad\u0131\u011f\u0131n\u0131 bask\u0131lad\u0131\u011f\u0131n\u0131 g\u00f6rmekteyiz.<\/p>\n
\u00c7eyreksel olarak Br\u00fct Kar ve FAVOK marj\u0131nda daralma g\u00f6rsek de ge\u00e7ti\u011fimiz y\u0131l\u0131n ayn\u0131 d\u00f6nemine k\u0131yasla bakt\u0131\u011f\u0131m\u0131zda toparlanmay\u0131 pozitif de\u011ferlendirmekteyiz. Br\u00fct Kar marj\u0131ndaki toparlanma sebebine bakt\u0131\u011f\u0131m\u0131zda KKO art\u0131\u015f\u0131, gider optimizasyonu ve Avrupa operasyonlar\u0131ndaki y\u00fcksek maliyetli do\u011falgaz hedging s\u00f6zle\u015fmesinin sona ermesini g\u00f6sterebiliriz. Segment bazl\u0131 br\u00fct kar marjlar\u0131na bakt\u0131\u011f\u0131m\u0131zda ise 2025 y\u0131l\u0131nda ge\u00e7ti\u011fimiz y\u0131l\u0131n ayn\u0131 d\u00f6nemine k\u0131yasla en b\u00fcy\u00fck toparlanman\u0131n End\u00fcstriyel Cam grubunda oldu\u011funu izlemekteyiz\u201d<\/p>\n
<\/strong> \u0130stanbul, 17 \u015eubat (Hibya) – Marba\u015f Menkul De\u011ferler, \u015ei\u015fecam’\u0131n 2025 y\u0131l\u0131 d\u00f6rd\u00fcnc\u00fc \u00e7eyrek sonu\u00e7lar\u0131nda piyasa beklentilerinin \u00fczerinde sat\u0131\u015f ve net kar a\u00e7\u0131klad\u0131\u011f\u0131n\u0131 bildirdi. <\/p>\n","protected":false},"author":1,"featured_media":48394,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAow07ekDA:productID":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-48393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ekonomi"],"_links":{"self":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/48393","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=48393"}],"version-history":[{"count":0,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/48393\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media\/48394"}],"wp:attachment":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media?parent=48393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/categories?post=48393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/tags?post=48393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nEKONOM\u0130 GAZETES\u0130 <\/p>\n","protected":false},"excerpt":{"rendered":"