{"id":49622,"date":"2025-09-03T11:28:58","date_gmt":"2025-09-03T11:28:58","guid":{"rendered":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/2025\/09\/03\/sisecam-sise-2025-2-ceyrek-bilanco-yorumu\/"},"modified":"2025-09-03T11:28:58","modified_gmt":"2025-09-03T11:28:58","slug":"sisecam-sise-2025-2-ceyrek-bilanco-yorumu","status":"publish","type":"post","link":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/2025\/09\/03\/sisecam-sise-2025-2-ceyrek-bilanco-yorumu\/","title":{"rendered":"\u015ei\u015fecam (SISE) 2025 2. \u00e7eyrek bilan\u00e7o yorumu"},"content":{"rendered":"<p>T\u00fcrkiye \u015ei\u015fe ve Cam Fabrikalar\u0131 A.\u015e.\u00a0(SISE) 2025 y\u0131l\u0131 2. \u00e7eyrek finansal sonu\u00e7lar\u0131 kamuya a\u00e7\u0131kland\u0131. Bilan\u00e7o sonras\u0131 \u015eirketin finansal tablolar\u0131 i\u00e7in de\u011ferlendirme, Deniz Yat\u0131r\u0131m Menkul K\u0131ymetler A.\u015e.\u2019den geldi. Kurum de\u011ferlendirmesinde \u015fu ifadeleri kulland\u0131;<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" loading=\"lazy\" width=\"1280\" height=\"720\" src=\"https:\/\/rotaborsa.com\/wp-content\/uploads\/2023\/03\/sisecam.png\" alt=\"| Rota Borsa\" class=\"wp-image-17627\" title=\"T\u00fcrk Hava Yollar\u0131 (THYAO) 2023 hedef fiyat\u0131 9 HABERLER, G\u00fcndemdekiler, \u015eirket Haberleri Rota Borsa\" \/><\/figure>\n<h2 class=\"wp-block-heading\">T\u00fcrkiye \u015ei\u015fe ve Cam Fabrikalar\u0131 A.\u015e. hisse haberleri<\/h2>\n<p>Deniz Yat\u0131r\u0131m de\u011ferlendirmesi \u015fu \u015fekilde; \u201c<strong>De\u011ferlendirme:<\/strong> <em>S\u0131n\u0131rl\u0131 olumlu<\/em>; \u015ei\u015fecam, 2\u00c725 d\u00f6neminde, 52.580 milyon TL sat\u0131\u015f geliri (Konsensus: 50.056 milyon TL), 5.283 milyon TL FAV\u00d6K (Konsensus: 3.184 milyon TL), ve 2.652 milyon TL net kar (Konsensus: 413 milyon TL net kar) a\u00e7\u0131klad\u0131. Enflasyon muhasebesi nedeniyle 2\u00c725 d\u00f6nemi finansallar\u0131nda, parasal kazan\u00e7\/kay\u0131p kalemi alt\u0131nda 4.580 milyon TL\u2019lik olumlu etki olu\u015ftu.<br \/>\u25a0 Bilan\u00e7oda olumlu okudu\u011fumuz detaylar<br \/>\u2713 Piyasa beklentisinin \u00fczerinde a\u00e7\u0131klanan sat\u0131\u015f geliri, FAV\u00d6K ve net kar.<br \/>\u25a0 Bilan\u00e7oda olumsuz okudu\u011fumuz detaylar<br \/>\u2713 Art\u0131\u015f g\u00f6steren finansman gideri ve net bor\u00e7.<br \/>\u25a0 Bilan\u00e7oya dair k\u0131sa de\u011ferlendirmemiz<br \/>\u2192 Sat\u0131\u015f gelirinde zay\u0131flama h\u0131z\u0131n\u0131n yava\u015flam\u0131\u015f olmas\u0131na ek olarak amortisman d\u00fczeltmesi ve verimlilik \u00e7al\u0131\u015fmalar\u0131 paralelinde artan br\u00fct karl\u0131l\u0131\u011f\u0131n olumlu etki yaratmas\u0131n\u0131 bekleriz. Bunun yan\u0131 s\u0131ra nakit ak\u0131\u015f\u0131nda \u00f6zellikle yat\u0131r\u0131m faaliyetlerinden nakit \u00e7\u0131k\u0131\u015f\u0131 ile zay\u0131f seyrin devam etmesi, artan net bor\u00e7 pozisyonu ve y\u00fcksek finansman giderinin bu olumlu etkiyi s\u0131n\u0131rland\u0131rabilece\u011fini d\u00fc\u015f\u00fcn\u00fcyoruz.<br \/>\u25a0 \u015ei\u015fecam\u2019\u0131n sat\u0131\u015f geliri 2\u00c725 d\u00f6neminde %7 azal\u0131\u015fla 52.580 milyon TL olarak ger\u00e7ekle\u015fti. Payla\u015f\u0131lan bilgilendirme notunda, 2\u00c725 d\u00f6neminde, sat\u0131\u015f gelirindeki d\u00fc\u015f\u00fc\u015f\u00fcn hacim kaynakl\u0131 oldu\u011fu g\u00f6r\u00fclmektedir. Fiyatlama ile hacim d\u00fc\u015f\u00fc\u015f\u00fcndeki negatif etkinin b\u00fcy\u00fck \u00f6l\u00e7\u00fcde tolere edildi\u011fi g\u00f6r\u00fclmektedir. Detaylar\u0131na bakacak olursak:<br \/>\u27a2 Mimari cam taraf\u0131nda, %5\u2019lik hacim azal\u0131\u015f\u0131na kar\u015f\u0131n, fiyatland\u0131rma, \u00fcr\u00fcn karmas\u0131 ve kur etkisi %1\u2019lik pozitif etki olu\u015fturmu\u015ftur.<br \/>\u27a2 End\u00fcstriyel cam taraf\u0131nda, %5\u2019lik hacim azal\u0131\u015f\u0131na kar\u015f\u0131n, fiyatland\u0131rma, \u00fcr\u00fcn karmas\u0131 ve kur etkisi  \u2019lik pozitif etki olu\u015fturmu\u015ftur.<br \/>\u27a2 Cam ev e\u015fyas\u0131 taraf\u0131nda, #\u2019l\u00fck hacim azal\u0131\u015f\u0131na kar\u015f\u0131n, fiyatland\u0131rma, \u00fcr\u00fcn karmas\u0131 ve kur etkisi %6\u2019l\u0131k pozitif etki olu\u015fturmu\u015ftur.<br \/>\u27a2 Cam ambalaj taraf\u0131nda, %9\u2019luk hacim art\u0131\u015f\u0131na ek olarak, fiyatland\u0131rma, \u00fcr\u00fcn karmas\u0131 ve kur etkisi %5\u2019lik pozitif etki olu\u015fturmu\u015ftur.<br \/>\u27a2 Kimyasallar taraf\u0131nda, %2\u2019l\u00fck hacim azal\u0131\u015f\u0131na ek, fiyatland\u0131rma, \u00fcr\u00fcn karmas\u0131 ve kur etkisi \u2019luk negatif etki olu\u015fturmu\u015ftur.<br \/>\u27a2 Enerji taraf\u0131nda, E\u2019lik hacim azal\u0131\u015f\u0131na ek, fiyatland\u0131rma, \u00fcr\u00fcn karmas\u0131 ve kur etkisi %7\u2019lik negatif etki olu\u015fturmu\u015ftur.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" loading=\"lazy\" width=\"734\" height=\"295\" src=\"https:\/\/rotaborsa.com\/wp-content\/uploads\/2025\/08\/58A4DAEB-A0AD-4AD9-8B01-C9BC71DB7249.png\" alt=\"| Rota Borsa\" class=\"wp-image-350953\" title=\"| Rota Borsa\" \/><\/figure>\n<p>\u25a0 2\u00c725 d\u00f6neminde br\u00fct k\u00e2r  artarak 15.479 milyon TL seviyesine y\u00fckselirken, br\u00fct k\u00e2r marj\u0131 6,2 puan artarak ),4 seviyesinde ger\u00e7ekle\u015fmi\u015ftir. \u015eirket, br\u00fct k\u00e2r marj\u0131ndaki bu iyile\u015fmenin temel nedenlerini; maliyetlerindeki art\u0131\u015fa ra\u011fmen, yeni geli\u015ftirilen teknolojiler sayesinde makine ve ekipmanlar\u0131n faydal\u0131 \u00f6m\u00fcr hesaplamalar\u0131n\u0131n uzat\u0131lmas\u0131yla amortisman giderlerinin azalmas\u0131 ve verimlilik \u00e7al\u0131\u015fmalar\u0131n\u0131n uygulanmaya ba\u015flamas\u0131 olarak ifade etmi\u015ftir.<br \/>\u25a0 Bu d\u00f6nemde, FAV\u00d6K y art\u0131\u015fla 5.283 milyon TL seviyesine y\u00fckselirken, FAV\u00d6K marj\u0131 4,8 puan art\u0131\u015fla  seviyesinde ger\u00e7ekle\u015fti.<br \/>\u25a0 \u015eirket, 2\u00c725 d\u00f6neminde 3.410 milyon TL seviyesinde net di\u011fer gelir (2\u00c724: 461 milyon TL net gelir) ve 6.147 milyon TL seviyesinde net finansman gideri (2\u00c724: 3.167 milyon TL net finansman gideri) kaydetti. Ayr\u0131ca, enflasyon muhasebesi nedeniyle parasal kazan\u00e7\/kay\u0131p kalemi alt\u0131nda 4.580 milyon TL\u2019lik olumlu etki olu\u015ftu.<br \/>\u25a0 \u015eirket, 2\u00c725 d\u00f6neminde 2.652 milyon TL net kar a\u00e7\u0131klad\u0131.<br \/>\u25a0 2\u00c725 d\u00f6nemi sonu itibar\u0131yla \u015eirket\u2019in 112.547 milyon TL net bor\u00e7 pozisyonu bulunmaktad\u0131r (1\u00c725: 106.230 milyon TL net bor\u00e7). Net bor\u00e7\/FAV\u00d6K oran\u0131 ise 2\u00c725 d\u00f6nem sonu itibariyle 8,4x seviyesindedir (1\u00c725: 9,8x).<br \/>\u25a0 \u015ei\u015fecam, 2\u00c725 d\u00f6neminde i\u015fletme faaliyetlerinden 12.571 milyon TL ve finansman faaliyetlerinden kaynaklanan 382 milyon TL nakit giri\u015fi a\u00e7\u0131klarken; yat\u0131r\u0131m faaliyetlerinden 8.253 milyon TL ve net nakit \u00e7\u0131k\u0131\u015f\u0131 a\u00e7\u0131klad\u0131. \u015eirket, operasyonlardan nakit giri\u015finin, ertelenmi\u015f vergi gideri kaynakl\u0131 d\u00fc\u015f\u00fck net kar rakam\u0131na ra\u011fmen nakit d\u0131\u015f\u0131 d\u00fczeltmelerin etkisiyle art\u0131\u015f g\u00f6sterdi\u011fini a\u00e7\u0131klad\u0131.<br \/>\u25a0 <strong>Genel de\u011ferlendirme:<\/strong> Hisse, y\u0131l ba\u015flang\u0131c\u0131ndan itibaren BIST 100 endeksinin  gerisinde performans g\u00f6stermi\u015ftir. Geriye d\u00f6n\u00fck 12 ayl\u0131k verilere g\u00f6re hisse, 36,7x F\/K ve 17,4x FD\/FAV\u00d6K \u00e7arpanlar\u0131ndan i\u015flem g\u00f6rmektedir.\u201d<\/p>\n<div class=\"kanews-banner kanews-banner-single\">\n<div style=\"min-height:280px\" data-empower-zone=\"159899\" class=\"empower-ad\"><\/div>\n<\/div>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"871\" src=\"https:\/\/rotaborsa.com\/wp-content\/uploads\/2025\/08\/467811B5-2FA7-4E9B-853A-683EAE6409E2-1024x871.png\" alt=\"| Rota Borsa\" class=\"wp-image-350954\" title=\"| Rota Borsa\" \/><\/figure>\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-rota-borsa wp-block-embed-rota-borsa\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"ml9HsBc2qL\"><p><a href=\"https:\/\/rotaborsa.com\/yarin-bir-sirket-yuzde-100-oraninda-bedelli-sermaye-artirimi-yapacak-8\/\">Yar\u0131n bir \u015firket y\u00fczde 100 oran\u0131nda bedelli sermaye art\u0131r\u0131m\u0131 yapacak<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Bizi WhatsApp Kanal\u0131m\u0131z \u00fczerinden de takip edebilirsiniz. WhatsApp kanal\u0131 linki:\u00a0<a href=\"https:\/\/whatsapp.com\/channel\/0029Vb6J7JQ6GcG8uLrIR81x\" target=\"_blank\" rel=\"noreferrer noopener\"><mark><mark style=\"background-color:#ffffff;color:#01b673\" class=\"has-inline-color\">https:\/\/whatsapp.com\/channel\/0029Vb6J7JQ6GcG8uLrIR81x<\/mark><\/mark><\/a><\/p>\n<p>Bizi Telegram \u00dczerinden de takip edebilirsiniz. Telegram kanal\u0131 linki:\u00a0<a href=\"https:\/\/t.me\/rotaborsa_halkaarz\" target=\"_blank\" rel=\"noreferrer noopener\"><mark><mark style=\"background-color:#ffffff\" class=\"has-inline-color has-vivid-red-color\">https:\/\/t.me\/rotaborsa_halkaarz<\/mark><\/mark><\/a><\/p>\n<p><em><em><em><em><em><em><em><strong>Deniz Yat\u0131r\u0131m yasal uyar\u0131s\u0131:<\/strong><\/em> <em>Bu rapor\/e-posta i\u00e7erisinde yer alan de\u011ferlendirmeler Deniz Yat\u0131r\u0131m Menkul K\u0131ymetler A.\u015e. taraf\u0131ndan, g\u00fcvenilir oldu\u011funa inan\u0131lan kaynaklardan elde edilen bilgi ve veriler kullan\u0131larak genel nitelikte haz\u0131rlanm\u0131\u015ft\u0131r. Raporda yer alan ifadeler, mali durumunuz ile risk ve getiri tercihlerinize uygun olmayabilir ve hi\u00e7bir \u015fekilde al\u0131\u015f veya sat\u0131\u015f yap\u0131lmas\u0131 y\u00f6n\u00fcnde y\u00f6nlendirme olarak de\u011ferlendirilmemelidir. Deniz Yat\u0131r\u0131m, bu bilgilerin do\u011fru, eksiksiz ve de\u011fi\u015fmez oldu\u011funu garanti etmemektedir. Bu sebeple, okuyucular\u0131n, bu raporlardan elde edilen bilgilere dayanarak hareket etmeden \u00f6nce, bilgilerin do\u011frulu\u011funu teyit etmeleri \u00f6nerilir ve bu bilgilere dayan\u0131larak ald\u0131klar\u0131 kararlarda sorumluluk okuyucular\u0131n kendilerine aittir. Bilgilerin eksikli\u011fi ve yanl\u0131\u015fl\u0131\u011f\u0131ndan Deniz Yat\u0131r\u0131m hi\u00e7bir \u015fekilde sorumlu tutulamaz. Ayr\u0131ca, Deniz Yat\u0131r\u0131m ve DenizBank Finansal Hizmetler Grubu \u00e7al\u0131\u015fanlar\u0131 ve dan\u0131\u015fmanlar\u0131n\u0131n, herhangi bir \u015fekilde bu rapor\/e-posta i\u00e7erisinde yer alan bilgiler dolay\u0131s\u0131yla ortaya \u00e7\u0131kabilecek, do\u011frudan veya dolayl\u0131 zararlarla ilgili herhangi bir sorumlulu\u011fu yoktur. Burada yer alan bilgiler sermaye piyasas\u0131 arac\u0131na y\u00f6nelik bir yat\u0131r\u0131m tavsiyesi, al\u0131m-sat\u0131m \u00f6nerisi ya da getiri vaadi de\u011fildir ve yat\u0131r\u0131m dan\u0131\u015fmanl\u0131\u011f\u0131 kapsam\u0131nda yer almamaktad\u0131r. Yat\u0131r\u0131m Dan\u0131\u015fmanl\u0131\u011f\u0131 hizmeti; yetkili kurulu\u015flar taraf\u0131ndan imzalanacak yat\u0131r\u0131m dan\u0131\u015fmanl\u0131\u011f\u0131 s\u00f6zle\u015fmesi \u00e7er\u00e7evesinde ki\u015filerin risk ve getiri tercihleri dikkate al\u0131narak ki\u015fiye \u00f6zel sunulmaktad\u0131r. Sadece burada yer alan bilgilere dayan\u0131larak yat\u0131r\u0131m karar\u0131 verilmesi beklentilerinize uygun sonu\u00e7lar do\u011furmayabilir.<\/em><\/em><\/em><\/em><\/em><\/em><\/em><\/p>\n<p><em><strong>Rota Borsa yasal uyar\u0131s\u0131:<\/strong> Burada yer alan yat\u0131r\u0131m bilgi, yorum ve tavsiyeleri yat\u0131r\u0131m dan\u0131\u015fmanl\u0131\u011f\u0131 kapsam\u0131nda de\u011fildir. Yat\u0131r\u0131m dan\u0131\u015fmanl\u0131\u011f\u0131 hizmeti, arac\u0131 kurumlar, portf\u00f6y y\u00f6netim \u015firketleri, mevduat kabul etmeyen bankalar ile m\u00fc\u015fteri aras\u0131nda imzalanacak yat\u0131r\u0131m dan\u0131\u015fmanl\u0131\u011f\u0131 s\u00f6zle\u015fmesi \u00e7er\u00e7evesinde sunulmaktad\u0131r. Burada yer alan yorum ve tavsiyeler, yorum ve tavsiyede bulunanlar\u0131n ki\u015fisel g\u00f6r\u00fc\u015flerine dayanmaktad\u0131r. Bu g\u00f6r\u00fc\u015fler, mali durumunuz ile risk ve getiri tercihlerinize uygun olmayabilir. Bu nedenle sadece burada yer alan bilgilere dayan\u0131larak yat\u0131r\u0131m karar\u0131 verilmesi beklentilerinize uygun sonu\u00e7lar do\u011furmayabilir.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>T\u00fcrkiye \u015ei\u015fe ve Cam Fabrikalar\u0131 A.\u015e.\u00a0(SISE) 2025 y\u0131l\u0131 2. \u00e7eyrek finansal sonu\u00e7lar\u0131 kamuya a\u00e7\u0131kland\u0131. Bilan\u00e7o sonras\u0131 \u015eirketin finansal tablolar\u0131 i\u00e7in de\u011ferlendirme, Deniz Yat\u0131r\u0131m Menkul K\u0131ymetler A.\u015e.\u2019den geldi. Kurum de\u011ferlendirmesinde \u015fu ifadeleri kulland\u0131; T\u00fcrkiye \u015ei\u015fe ve Cam Fabrikalar\u0131 A.\u015e. hisse haberleri Deniz Yat\u0131r\u0131m de\u011ferlendirmesi \u015fu \u015fekilde; \u201cDe\u011ferlendirme: S\u0131n\u0131rl\u0131 olumlu; \u015ei\u015fecam, 2\u00c725 d\u00f6neminde, 52.580 milyon TL sat\u0131\u015f [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":49623,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-49622","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilanco-haberleri"],"_links":{"self":[{"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/posts\/49622","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/comments?post=49622"}],"version-history":[{"count":0,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/posts\/49622\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/media\/49623"}],"wp:attachment":[{"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/media?parent=49622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/categories?post=49622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/tags?post=49622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}