{"id":2223,"date":"2026-04-29T00:42:09","date_gmt":"2026-04-28T21:42:09","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=2223"},"modified":"2026-04-29T00:43:22","modified_gmt":"2026-04-28T21:43:22","slug":"fmizp-2026-03-faaliyet-raporu-analizi-federal-mogul-izmit-piston","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/2223","title":{"rendered":"\ud83d\udd35 FMIZP 2026-03 Faaliyet Raporu Analizi | Federal Mogul \u0130zmit Piston"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"\ud83d\udd35 FMIZP 2026-03 Faaliyet Raporu Analizi | Federal Mogul \u0130zmit Piston\" width=\"858\" height=\"644\" src=\"https:\/\/www.youtube.com\/embed\/1mmOgteODXU?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h1>Federal Mogul \u0130zmit Piston ve Pim \u00dcretim Tesisleri A.\u015e. 2026 Birinci \u00c7eyrek Faaliyet Raporu Analizi<\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Bu bilgilendirme notu, Federal Mogul \u0130zmit Piston ve Pim \u00dcretim Tesisleri A.\u015e.&#8217;nin (FMIZP) 1 Ocak &#8211; 31 Mart 2026 d\u00f6nemini kapsayan faaliyet raporundaki kritik bulgular\u0131 ve stratejik geli\u015fmeleri sentezlemektedir. 2026 y\u0131l\u0131n\u0131n ilk \u00e7eyre\u011finde \u015firket, \u00fcretim hacmindeki d\u00fc\u015f\u00fc\u015fe ra\u011fmen net d\u00f6nem k\u00e2r\u0131n\u0131 ve sat\u0131\u015f gelirlerini bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re \u00f6nemli \u00f6l\u00e7\u00fcde art\u0131rmay\u0131 ba\u015farm\u0131\u015ft\u0131r. \u015eirketin en dikkat \u00e7ekici g\u00fcndem maddesi, k\u00fcresel piyasalardaki talep daralmas\u0131 ve operasyonel verimlilik hedefleri do\u011frultusunda \u0130zmit fabrikas\u0131ndaki piston \u00fcretim operasyonlar\u0131n\u0131 Arslanbey\u2019e ta\u015f\u0131ma ve pim \u00fcretimini Sapanca\u2019ya kayd\u0131rma y\u00f6n\u00fcndeki konsolidasyon karar\u0131d\u0131r. Finansal a\u00e7\u0131dan g\u00fc\u00e7l\u00fc bir likidite yap\u0131s\u0131na (Cari Oran: 6,82) sahip olan \u015firket, ihracat\u0131n toplam sat\u0131\u015flar i\u00e7indeki pay\u0131n\u0131 %59\u2019un \u00fczerine \u00e7\u0131karm\u0131\u015ft\u0131r.<\/p>\n<h2>1. Finansal Performans Analizi<\/h2>\n<p>\u015eirketin 2026 y\u0131l\u0131 ilk \u00e7eyrek mali tablolar\u0131, operasyonel k\u00e2rl\u0131l\u0131kta g\u00fc\u00e7l\u00fc bir ivmelenme oldu\u011funu g\u00f6stermektedir.<\/p>\n<h3>1.1. Gelir ve K\u00e2rl\u0131l\u0131k G\u00f6stergeleri<\/h3>\n<ul>\n<li><b>Sat\u0131\u015f Gelirleri:<\/b> Bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re yakla\u015f\u0131k %39 artarak 176.985.990 TL&#8217;ye ula\u015fm\u0131\u015ft\u0131r (2025: 126.999.670 TL).<\/li>\n<li><b>Br\u00fct K\u00e2r:<\/b> 44.375.535 TL olarak ger\u00e7ekle\u015ferek 17.374.752 TL olan \u00f6nceki y\u0131l rakam\u0131n\u0131 ikiye katlam\u0131\u015ft\u0131r.<\/li>\n<li><b>Net D\u00f6nem K\u00e2r\u0131:<\/b> 43.394.990 TL ile ge\u00e7en y\u0131l\u0131n ayn\u0131 d\u00f6nemindeki 15.557.472 TL&#8217;ye g\u00f6re %179 oran\u0131nda bir art\u0131\u015f kaydetmi\u015ftir.<\/li>\n<li><b>Hisse Ba\u015f\u0131na Kazan\u00e7:<\/b> 0,011 TL&#8217;den 0,030 TL&#8217;ye y\u00fckselmi\u015ftir.<\/li>\n<\/ul>\n<h3>1.2. Bilan\u00e7o ve Likidite Durumu<\/h3>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kalem<\/td>\n<td>31 Mart 2026 (TL)<\/td>\n<td>31 Aral\u0131k 2025 (TL)<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Varl\u0131klar<\/b><\/td>\n<td>753.208.326<\/td>\n<td>766.779.965<\/td>\n<\/tr>\n<tr>\n<td><b>D\u00f6nen Varl\u0131klar<\/b><\/td>\n<td>490.315.454<\/td>\n<td>506.623.741<\/td>\n<\/tr>\n<tr>\n<td><b>\u00d6zkaynaklar<\/b><\/td>\n<td>646.697.458<\/td>\n<td>666.828.812<\/td>\n<\/tr>\n<tr>\n<td><b>Cari Oran<\/b><\/td>\n<td>6,82<\/td>\n<td>9,15<\/td>\n<\/tr>\n<tr>\n<td><b>\u00d6zkaynak \/ Toplam Varl\u0131klar<\/b><\/td>\n<td>0,86<\/td>\n<td>0,87<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>2. Operasyonel Faaliyetler ve \u00dcretim Verileri<\/h2>\n<p>2026&#8217;n\u0131n ilk \u00e7eyre\u011finde \u00fcretim hacimlerinde, \u00f6zellikle piston \u00fcretiminde belirgin bir gerileme g\u00f6zlemlenmi\u015ftir.<\/p>\n<ul>\n<li><b>\u00dcretim Hacmi:<\/b>\n<ul>\n<li><b>Piston \u00dcretimi:<\/b> %17,21 azalarak 195.262 adede d\u00fc\u015fm\u00fc\u015ft\u00fcr.<\/li>\n<li><b>Pim \u00dcretimi:<\/b> %6,57 azalarak 655.638 adede gerilemi\u015ftir.<\/li>\n<\/ul>\n<\/li>\n<li><b>Sat\u0131\u015f Yap\u0131s\u0131 ve \u0130hracat:<\/b>\n<ul>\n<li>\u0130hracat\u0131n sat\u0131\u015flar i\u00e7indeki pay\u0131 %41,55&#8217;ten <b>%59,05<\/b>&#8216;e y\u00fckselmi\u015ftir.<\/li>\n<li>Yurt d\u0131\u015f\u0131 sat\u0131\u015flar 104.488.151 TL ile yurt i\u00e7i sat\u0131\u015flar\u0131 (72.497.839 TL) geride b\u0131rakm\u0131\u015ft\u0131r.<\/li>\n<li>\u015eirketin yurt d\u0131\u015f\u0131 sat\u0131\u015flar\u0131n\u0131n tamam\u0131, ili\u015fkili taraf olan Federal Mogul D\u0131\u015f Ticaret A.\u015e. \u00fczerinden ger\u00e7ekle\u015ftirilmektedir.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2>3. Stratejik Yeniden Yap\u0131lanma ve Tesis De\u011fi\u015fiklikleri<\/h2>\n<p>\u015eirket y\u00f6netimi, k\u00fcresel konjonkt\u00fcr ve operasyonel verimlilik gereklilikleri nedeniyle k\u00f6kl\u00fc yap\u0131sal de\u011fi\u015fikliklere gitme karar\u0131 alm\u0131\u015ft\u0131r.<\/p>\n<h3>3.1. \u00dcretim Hatlar\u0131n\u0131n Konsolidasyonu<\/h3>\n<ul>\n<li><b>\u0130zmit Piston Operasyonu:<\/b> Hakim ortak Federal Mogul Powertrain Otomotiv A.\u015e.&#8217;nin \u0130zmit fabrikas\u0131ndaki al\u00fcminyum piston \u00fcretimini k\u00fc\u00e7\u00fcltme karar\u0131na paralel olarak, FMIZP de \u0130zmit&#8217;teki piston \u00fcretim faaliyetlerini Arslanbey fabrikas\u0131na ta\u015f\u0131ma karar\u0131 alm\u0131\u015ft\u0131r.<\/li>\n<li><b>Pim \u00dcretimi Ta\u015f\u0131nmas\u0131:<\/b> Arslanbey fabrikas\u0131ndaki pim \u00fcretim tesisinin, hakim orta\u011f\u0131n Sapanca fabrikas\u0131nda kiralanacak yeni bir alana ta\u015f\u0131nmas\u0131na ve bu lokasyonda \u015fube a\u00e7\u0131lmas\u0131na karar verilmi\u015ftir.<\/li>\n<li><b>\u0130zmit Tesisinin De\u011ferlendirilmesi:<\/b> \u0130zmit&#8217;teki fabrika binas\u0131n\u0131n deprem g\u00fc\u00e7lendirme maliyetlerinin y\u00fcksek olmas\u0131 ve \u00fcretimin ta\u015f\u0131nmas\u0131 nedeniyle, bu arsa ve binan\u0131n sat\u0131\u015f dahil olmak \u00fczere de\u011ferlendirilmesi i\u00e7in \u00e7al\u0131\u015fmalara ba\u015flanm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<h3>3.2. Ekipman Kiralamas\u0131<\/h3>\n<ul>\n<li>2025 y\u0131l\u0131nda kiralanan hatt\u0131n s\u00f6zle\u015fmesi sonland\u0131r\u0131larak, ana hissedara ait ba\u015fka bir \u00fcretim hatt\u0131 ayl\u0131k KDV hari\u00e7 <b>342.000 TL<\/b> bedelle kiralanm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<h2>4. Kurumsal Y\u00f6netim ve Risk Y\u00f6netimi<\/h2>\n<h3>4.1. Y\u00f6netim Kurulu ve \u00dcst Y\u00f6netim<\/h3>\n<ul>\n<li><b>Y\u00f6netim Kurulu Yap\u0131s\u0131:<\/b> 5 \u00fcyeden olu\u015fmaktad\u0131r (Ba\u015fkan: Frederic Robert Colley). 2 ba\u011f\u0131ms\u0131z \u00fcye (G\u00fcray Karacar ve Eser Ta\u015fc\u0131) bulunmaktad\u0131r.<\/li>\n<li><b>\u00dccretlendirme:<\/b> Ba\u011f\u0131ms\u0131z \u00fcyelere ayl\u0131k 2.500 USD br\u00fct \u00fccret \u00f6denmektedir. \u00dcst y\u00f6netime sa\u011flanan toplam fayda ilk \u00e7eyrekte 657.655 TL&#8217;dir.<\/li>\n<li><b>Personel De\u011fi\u015fikli\u011fi:<\/b> 23.01.2026 itibar\u0131yla Sat\u0131n Alma Direkt\u00f6r\u00fc G\u00fcnce Karakan g\u00f6revinden ayr\u0131lm\u0131\u015ft\u0131r. Toplam personel say\u0131s\u0131 Mart sonu itibar\u0131yla 42&#8217;dir.<\/li>\n<\/ul>\n<h3>4.2. Riskler ve Gelecek Beklentileri<\/h3>\n<ul>\n<li><b>Piyasa Riski:<\/b> Avrupa ekonomisindeki yava\u015flama ve i\u00e7ten yanmal\u0131 motor aksam\u0131na olan talebin daralmas\u0131 en b\u00fcy\u00fck risk unsurlar\u0131d\u0131r. \u015eirket, bu talebin daha da azalabilece\u011fi ihtimaline kar\u015f\u0131 operasyonel verimlilik \u00e7al\u0131\u015fmalar\u0131na odaklanmaktad\u0131r.<\/li>\n<li><b>Yat\u0131r\u0131m Planlar\u0131:<\/b> 2026 y\u0131l\u0131 i\u00e7in yeni bir yat\u0131r\u0131m planlanmam\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<h2>5. Kar Da\u011f\u0131t\u0131m Politikas\u0131 ve Sermaye Yap\u0131s\u0131<\/h2>\n<ul>\n<li><b>Sermaye Yap\u0131s\u0131:<\/b> \u015eirketin 14.276.790 TL olan \u00f6denmi\u015f sermayesinin %77,74&#8217;\u00fc Federal Mogul Powertrain Otomotiv A.\u015e.&#8217;ye aittir.<\/li>\n<li><b>Kar Da\u011f\u0131t\u0131m\u0131:<\/b> 25 Mart 2026 tarihli Genel Kurul&#8217;da, ge\u00e7mi\u015f y\u0131l yedek ak\u00e7eleri ve 2025 k\u00e2r\u0131ndan kar\u015f\u0131lanmak \u00fczere toplam <b>67.900.833,83 TL<\/b> k\u00e2r pay\u0131 da\u011f\u0131t\u0131lm\u0131\u015ft\u0131r. \u015eirketin politikas\u0131, da\u011f\u0131t\u0131labilir net k\u00e2r\u0131n asgari %50&#8217;sinin da\u011f\u0131t\u0131lmas\u0131 y\u00f6n\u00fcndedir.<\/li>\n<\/ul>\n<h2>6. Di\u011fer \u00d6nemli Geli\u015fmeler<\/h2>\n<ul>\n<li><b>Denetim:<\/b> 2026 mali y\u0131l\u0131 i\u00e7in finansal raporlar\u0131n denetlenmesi \u00fczere <b>Eren Ba\u011f\u0131ms\u0131z Denetim A.\u015e.<\/b> se\u00e7ilmi\u015ftir.<\/li>\n<li><b>Hukuki Durum:<\/b> \u015eirket aleyhine a\u00e7\u0131lm\u0131\u015f bir adet i\u015f hukuku davas\u0131 i\u00e7in 111.500 TL kar\u015f\u0131l\u0131k ayr\u0131lm\u0131\u015ft\u0131r.<\/li>\n<li><b>AR-GE:<\/b> \u015eirket b\u00fcnyesinde ara\u015ft\u0131rma ve geli\u015ftirme faaliyeti bulunmamaktad\u0131r.<\/li>\n<li><b>S\u00fcrd\u00fcr\u00fclebilirlik:<\/b> ISO 45001 ve ISO 14001 sertifikalar\u0131 mevcut olup, \u00e7evre koruma politikalar\u0131 grup \u015firketleri ile uyumlu \u015fekilde y\u00fcr\u00fct\u00fclmektedir.<\/li>\n<\/ul>\n<button class=\"simplefavorite-button\" data-postid=\"2223\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>Federal Mogul \u0130zmit Piston (FMIZP), 2026 y\u0131l\u0131n\u0131n ilk \u00e7eyre\u011finde sat\u0131\u015f gelirlerini ve net kar\u0131n\u0131 bir \u00f6nceki y\u0131la oranla ciddi oranda art\u0131rmay\u0131 ba\u015fard\u0131. \u015eirket, global talepteki daralmaya ra\u011fmen ihracat pay\u0131n\u0131 %59&#8217;a \u00e7\u0131kar\u0131rken, stratejik bir kararla \u0130zmit&#8217;teki \u00fcretim tesislerini Arslanbey ve Sapanca&#8217;ya ta\u015f\u0131ma karar\u0131 ald\u0131. Bu kritik rapor, \u015firketin operasyonel verimlilik hedefleri ve \u0130zmit&#8217;teki de\u011ferli gayrimenkul\u00fcn sat\u0131\u015f s\u00fcreci hakk\u0131nda \u00f6nemli ipu\u00e7lar\u0131 sunuyor.<\/p>\n","protected":false},"author":4,"featured_media":1297,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[251],"tags":[320],"class_list":["post-2223","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-faaliyetraporuanalizi","tag-fmizp"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/2223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/comments?post=2223"}],"version-history":[{"count":1,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/2223\/revisions"}],"predecessor-version":[{"id":2224,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/2223\/revisions\/2224"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/1297"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=2223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=2223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=2223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}