{"id":58160,"date":"2026-02-06T13:57:13","date_gmt":"2026-02-06T13:57:13","guid":{"rendered":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/2026\/02\/06\/arcelik-arclk-2025-4-ceyrek-bilanco-yorumu\/"},"modified":"2026-02-06T13:57:13","modified_gmt":"2026-02-06T13:57:13","slug":"arcelik-arclk-2025-4-ceyrek-bilanco-yorumu","status":"publish","type":"post","link":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/2026\/02\/06\/arcelik-arclk-2025-4-ceyrek-bilanco-yorumu\/","title":{"rendered":"Ar\u00e7elik (ARCLK) 2025 4. \u00e7eyrek bilan\u00e7o yorumu"},"content":{"rendered":"<p>Ar\u00e7elik A.\u015e. (ARCLK) 2025 y\u0131l\u0131 4. \u00e7eyrek finansal sonu\u00e7lar\u0131 30 Ocak g\u00fcn\u00fc kamuya a\u00e7\u0131kland\u0131. <a href=\"https:\/\/rotaborsa.com\/haberler\/bilanco-haberleri\/\">Bilan\u00e7o<\/a> sonras\u0131nda \u015eirketin finansal tablolar\u0131 i\u00e7in de\u011ferlendirme, \u0130\u015f Yat\u0131r\u0131m Menkul De\u011ferler A.\u015e.\u2019den geldi.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" loading=\"lazy\" width=\"1152\" height=\"648\" src=\"https:\/\/rotaborsa.com\/wp-content\/uploads\/2023\/06\/arcelik.jpg\" alt=\"| Rota Borsa\" class=\"wp-image-37228\" title=\"2 kurum Ford Otomotiv (FROTO) i\u00e7in hedef fiyatlar\u0131n\u0131 a\u00e7\u0131klad\u0131 6 HABERLER, G\u00fcndemdekiler, \u015eirket Haberleri Rota Borsa\"><\/figure>\n<h2 class=\"wp-block-heading\">Ar\u00e7elik A.\u015e.\u00a0hisse haberleri \u2013 ARCLK hisse yorumu<\/h2>\n<p>\u0130\u015f Yat\u0131r\u0131m de\u011ferlendirmesi \u015fu \u015fekilde; \u201c<strong>Ger\u00e7ekle\u015fen Rakamlar ve Tahminler\u2026<\/strong> <em>Operasyonel sonu\u00e7lar beklentilere paralel ger\u00e7ekle\u015firken, net k\u00e2r taraf\u0131nda beklentilerin \u00fczerinde bir performans g\u00f6r\u00fcld\u00fc.<\/em><strong>\u00a0<\/strong>Bizim TL2,23 mlr net zarar beklentimizin ve piyasa beklentisi olan TL2,10 mlr net zarar\u0131n alt\u0131nda kalarak Ar\u00e7elik, 4\u00c725\u2019te TL1,64 mlr net zarar a\u00e7\u0131klad\u0131. Net finansman giderlerindeki hem 3\u00c725\u2019e hem de 4\u00c724\u2019e k\u0131yasla belirgin d\u00fc\u015f\u00fc\u015f net k\u00e2r\u0131 desteklerken, y\u00fcksek ertelenmi\u015f vergi gideri ve azalan parasal kazan\u00e7lar k\u00e2rl\u0131l\u0131k \u00fczerinde bask\u0131 yaratt\u0131. Beklentilerle uyumlu \u015fekilde, konsolide gelirler 4\u00c725\u2019te TL128,2 mlr olarak ger\u00e7ekle\u015fti ve T\u00fcrkiye\u2019deki olumsuz \u00fcr\u00fcn karmas\u0131, uluslararas\u0131 pazarlarda zay\u0131f talep ve Avrupa\u2019daki devam eden yo\u011fun rekabet nedeniyle reel bazda y\u0131ll\u0131k  daralma kaydedildi. 4\u00c725 FAV\u00d6K\u2019\u00fc y\u0131ll\u0131k %4 art\u0131\u015fla TL6,55 mlr olurken, FAV\u00d6K marj\u0131 %5,1 seviyesinde ger\u00e7ekle\u015fti ( 0,7 puan YoY). FAV\u00d6K marj\u0131ndaki iyile\u015fme, elveri\u015fli hammadde fiyatlar\u0131 ve EUR\/USD paritesinin br\u00fct k\u00e2r marj\u0131na olumlu katk\u0131s\u0131 ile devam eden yeniden yap\u0131lanma \u00e7al\u0131\u015fmalar\u0131 (sinerjiler ve maliyet tasarruflar\u0131) sayesinde sa\u011fland\u0131.<\/p>\n<p><strong>\u00c7eyrekte \u00d6ne \u00c7\u0131kanlar;<\/strong> Ar\u00e7elik\u2019in T\u00fcrkiye gelirleri 4\u00c725\u2019te reel bazda y\u0131ll\u0131k %0,9 artt\u0131 (EUR baz\u0131nda %-0,2). 4\u00c725\u2019te MDA6 talebi hacim baz\u0131nda  artarken, Ar\u00e7elik pazar\u0131n \u00fczerinde  b\u00fcy\u00fcme kaydetti. Klima ve TV sat\u0131\u015f hacimleri de 4\u00c725\u2019te g\u00fc\u00e7l\u00fc seyretti (s\u0131ras\u0131yla   ve   YoY). Bununla birlikte, sat\u0131\u015f promosyonlar\u0131 ve indirimler ile olumsuz fiyatlama ve \u00fcr\u00fcn karmas\u0131 gelir art\u0131\u015f\u0131n\u0131 s\u0131n\u0131rlad\u0131. Uluslararas\u0131 gelirler ise Avrupa\u2019daki yo\u011fun rekabet ve APAC pazar\u0131ndaki zorluklar nedeniyle reel bazda y\u0131ll\u0131k ,5 (EUR baz\u0131nda %-14,3) geriledi. Avrupa\u2019da t\u00fcketici talebindeki toparlanma 3\u00c725\u2019te devam etmi\u015f olsa da, yo\u011fun rekabetten kaynaklanan pazar pay\u0131 kayb\u0131 ve fiyatlama bask\u0131lar\u0131 ciro \u00fczerinde bask\u0131 yaratt\u0131. Y\u00f6netim, Bat\u0131 Avrupa pazar\u0131nda pazar pay\u0131n\u0131n son birka\u00e7 ayd\u0131r istikrar kazand\u0131\u011f\u0131n\u0131 belirtti. Afrika <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ar\u00e7elik A.\u015e. (ARCLK) 2025 y\u0131l\u0131 4. \u00e7eyrek finansal sonu\u00e7lar\u0131 30 Ocak g\u00fcn\u00fc kamuya a\u00e7\u0131kland\u0131. Bilan\u00e7o sonras\u0131nda \u015eirketin finansal tablolar\u0131 i\u00e7in de\u011ferlendirme, \u0130\u015f Yat\u0131r\u0131m Menkul De\u011ferler A.\u015e.\u2019den geldi. Ar\u00e7elik A.\u015e.\u00a0hisse haberleri \u2013 ARCLK hisse yorumu \u0130\u015f Yat\u0131r\u0131m de\u011ferlendirmesi \u015fu \u015fekilde; \u201cGer\u00e7ekle\u015fen Rakamlar ve Tahminler\u2026 Operasyonel sonu\u00e7lar beklentilere paralel ger\u00e7ekle\u015firken, net k\u00e2r taraf\u0131nda beklentilerin \u00fczerinde bir performans [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":58161,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-58160","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\/58160","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=58160"}],"version-history":[{"count":0,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/posts\/58160\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/media\/58161"}],"wp:attachment":[{"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/media?parent=58160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/categories?post=58160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/tags?post=58160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}