{"id":20629,"date":"2026-05-07T22:11:02","date_gmt":"2026-05-07T18:41:02","guid":{"rendered":"https:\/\/fajr.news\/?p=20629"},"modified":"2026-05-07T22:11:02","modified_gmt":"2026-05-07T18:41:02","slug":"tenarisin-orta-dogu-nakliye-endiseleriyle-hisseleri-dususe-gecti-ilk-ceyrek-basarisi-golgede-kaldi","status":"publish","type":"post","link":"https:\/\/fajr.news\/?p=20629&lang=tr","title":{"rendered":"Tenaris’in Orta Do\u011fu Nakliye Endi\u015feleriyle Hisseleri D\u00fc\u015f\u00fc\u015fe Ge\u00e7ti: \u0130lk \u00c7eyrek Ba\u015far\u0131s\u0131 G\u00f6lgede Kald\u0131"},"content":{"rendered":"

Tenaris’in Orta Do\u011fu Nakliye Endi\u015feleriyle Hisseleri D\u00fc\u015f\u00fc\u015fe Ge\u00e7ti: \u0130lk \u00c7eyrek Ba\u015far\u0131s\u0131 G\u00f6lgede Kald\u0131<\/h1>\n

L\u00fcksemburg merkezli \u00e7elik boru \u00fcreticisi Tenaris, 2026 y\u0131l\u0131n\u0131n ilk \u00e7eyre\u011finde analist beklentilerini a\u015fan g\u00fc\u00e7l\u00fc kazan\u00e7 ve gelir rakamlar\u0131 a\u00e7\u0131klamas\u0131na ra\u011fmen, hisselerinde %6’dan fazla bir d\u00fc\u015f\u00fc\u015f ya\u015fad\u0131.<\/strong> \u015eirket, d\u00fc\u015f\u00fc\u015f\u00fcn ana nedeni olarak ikinci \u00e7eyrekte Orta Do\u011fu’daki sevkiyatlar\u0131n azalmas\u0131 ve lojistik maliyetlerindeki art\u0131\u015f\u0131n sat\u0131\u015f ve marjlar\u0131 olumsuz etkileyece\u011fi beklentisini g\u00f6sterdi.<\/p>\n

Finansal Performans ve Beklentiler<\/h2>\n

Tenaris’in ilk \u00e7eyrek net sat\u0131\u015flar\u0131, bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemindeki 2.92 milyar dolardan 3.10 milyar dolara y\u00fckseldi. Ayn\u0131 d\u00f6nemde FAV\u00d6K (Faiz, Vergi, Amortisman \u00d6ncesi Kar) ise 696 milyon dolardan 735 milyon dolara \u00e7\u0131kt\u0131. Stifel analistleri, FAV\u00d6K’\u00fc 711.6 milyon dolar ve geliri 3.01 milyar dolar olarak tahmin ederken, konsens\u00fcs beklentileri s\u0131ras\u0131yla 692.2 milyon dolar ve 2.92 milyar dolar seviyesindeydi. \u015eirket, 31 Mart’ta sona eren \u00e7eyrekte net kar\u0131n\u0131 bir y\u0131l \u00f6nceki 518 milyon dolardan 564 milyon dolara y\u00fckseltirken, ADS ba\u015f\u0131na kazan\u00e7 0.94 dolardan 1.07 dolara ula\u015ft\u0131.<\/p>\n

\u015eirket yetkilileri, sat\u0131\u015flar\u0131n Kanada’daki mevsimsel olarak y\u00fcksek faaliyetlerden, Meksika’daki s\u0131n\u0131rl\u0131 toparlanmadan, Brezilya’daki a\u00e7\u0131k deniz sat\u0131\u015flar\u0131ndaki art\u0131\u015ftan, Kuzey Afrika’daki m\u00fc\u015fteri stok birikiminden ve Suudi Arabistan’daki sevkiyatlar\u0131n \u00f6ne \u00e7ekilmesinden faydaland\u0131\u011f\u0131n\u0131 belirtti. Marjlar\u0131n ise bak\u0131m duru\u015flar\u0131ndan kaynaklanan y\u00fcksek maliyetlerin, daha d\u00fc\u015f\u00fck tarife maliyetleriyle dengelenmesi sayesinde istikrarl\u0131 kald\u0131\u011f\u0131 ifade edildi. Faaliyet geliri bir \u00f6nceki y\u0131lki 550 milyon dolardan 584 milyon dolara y\u00fckselirken, FAV\u00d6K marj\u0131 %23.8’den %23.7’ye geriledi.<\/p>\n

B\u00f6lgesel Sat\u0131\u015flar ve Orta Do\u011fu’nun Etkisi<\/h2>\n

Boru segmentinde net sat\u0131\u015flar, bir \u00f6nceki y\u0131lki 2.77 milyar dolardan 2.93 milyar dolara \u00e7\u0131kt\u0131. Kuzey Amerika sat\u0131\u015flar\u0131 y\u0131ll\u0131k bazda %19 art\u0131\u015fla 1.47 milyar dolara ula\u015f\u0131rken, Asya Pasifik, Orta Do\u011fu ve Afrika sat\u0131\u015flar\u0131 %6 d\u00fc\u015f\u00fc\u015fle 712 milyon dolara geriledi.<\/p>\n

Tenaris, Orta Do\u011fu’daki \u00e7at\u0131\u015fmalar\u0131n ve H\u00fcrm\u00fcz Bo\u011faz\u0131’n\u0131n kapanmas\u0131n\u0131n enerji sekt\u00f6r\u00fc g\u00f6r\u00fcn\u00fcm\u00fcn\u00fc de\u011fi\u015ftirdi\u011fini vurgulad\u0131. \u015eirket, “\u0130kinci \u00e7eyrekte sat\u0131\u015flar\u0131m\u0131z, Orta Do\u011fu’daki sevkiyatlar\u0131n azalmas\u0131ndan etkilenecek. Marjlar\u0131m\u0131z ise sabit maliyetlerin daha d\u00fc\u015f\u00fck absorpsiyonuna ek olarak artan lojistik maliyetlerinden olumsuz etkilenecektir” a\u00e7\u0131klamas\u0131nda bulundu. \u015eirket ayr\u0131ca, “2026’n\u0131n ikinci yar\u0131s\u0131 i\u00e7in, H\u00fcrm\u00fcz Bo\u011faz\u0131’n\u0131n k\u0131sa vadede yeniden a\u00e7\u0131laca\u011f\u0131n\u0131 varsayarak sat\u0131\u015flar\u0131m\u0131z\u0131n ve marjlar\u0131m\u0131z\u0131n toparlanmas\u0131n\u0131 bekliyoruz” ifadelerini kulland\u0131.<\/p>\n

Di\u011fer Finansal Detaylar<\/h2>\n

Amerika Birle\u015fik Devletleri’nde OCTG (Petrol \u00dclkesi Boru Hatt\u0131) fiyatlar\u0131n\u0131n ithalat tarifelerine ve hammadde maliyetlerindeki art\u0131\u015flara yan\u0131t vermeye ba\u015flad\u0131\u011f\u0131 kaydedildi. \u00c7eyrek i\u00e7in serbest nakit ak\u0131\u015f\u0131 503 milyon dolar olarak ger\u00e7ekle\u015firken, bir y\u0131l \u00f6nce bu rakam 647 milyon dolard\u0131. \u015eirket, \u00e7eyrek boyunca hisse geri al\u0131mlar\u0131na 90 milyon dolar harcad\u0131 ve Mart ay\u0131n\u0131 3.76 milyar dolarl\u0131k net nakit pozisyonuyla tamamlad\u0131.<\/p>\n

#Tenaris #\u00c7elikBoru #OrtaDo\u011fu #H\u00fcrm\u00fczBo\u011faz\u0131 #LojistikMaliyetleri #EnerjiSekt\u00f6r\u00fc #HisseSenedi #FinansalPiyasalar #K\u00fcreselTicaret #EkonomiHaberleri<\/p>\n","protected":false},"excerpt":{"rendered":"

Tenaris’in Orta Do\u011fu Nakliye Endi\u015feleriyle Hisseleri D\u00fc\u015f\u00fc\u015fe Ge\u00e7ti: \u0130lk \u00c7eyrek Ba\u015far\u0131s\u0131 G\u00f6lgede Kald\u0131 L\u00fcksemburg merkezli \u00e7elik boru \u00fcreticisi Tenaris, 2026 y\u0131l\u0131n\u0131n ilk \u00e7eyre\u011finde analist beklentilerini a\u015fan g\u00fc\u00e7l\u00fc kazan\u00e7 ve gelir rakamlar\u0131 a\u00e7\u0131klamas\u0131na ra\u011fmen, hisselerinde %6’dan fazla bir d\u00fc\u015f\u00fc\u015f ya\u015fad\u0131. \u015eirket, d\u00fc\u015f\u00fc\u015f\u00fcn ana nedeni olarak ikinci \u00e7eyrekte Orta Do\u011fu’daki sevkiyatlar\u0131n azalmas\u0131 ve lojistik maliyetlerindeki art\u0131\u015f\u0131n sat\u0131\u015f […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[],"class_list":["post-20629","post","type-post","status-publish","format-standard","hentry","category-orta-dogu-haberleri"],"_links":{"self":[{"href":"https:\/\/fajr.news\/index.php?rest_route=\/wp\/v2\/posts\/20629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fajr.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fajr.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fajr.news\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/fajr.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20629"}],"version-history":[{"count":0,"href":"https:\/\/fajr.news\/index.php?rest_route=\/wp\/v2\/posts\/20629\/revisions"}],"wp:attachment":[{"href":"https:\/\/fajr.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fajr.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fajr.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}