{"id":2290,"date":"2026-05-02T11:21:02","date_gmt":"2026-05-02T08:21:02","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=2290"},"modified":"2026-05-02T11:21:38","modified_gmt":"2026-05-02T08:21:38","slug":"mrshl-2026-03-faaliyet-raporu-analizi-marshall-boya-ve-vernik-sanayii","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/2290","title":{"rendered":"\ud83d\udd35 MRSHL 2026-03 Faaliyet Raporu Analizi | Marshall Boya ve Vernik Sanayii"},"content":{"rendered":"<h1>Marshall Boya ve Vernik Sanayii A.\u015e. 2026 Birinci \u00c7eyrek Faaliyet ve Strateji Bilgilendirme Notu<\/h1>\n<p>Bu belge, Marshall Boya ve Vernik Sanayii A.\u015e.&#8217;nin 1 Ocak 2026 ile 31 Mart 2026 tarihlerini kapsayan hesap d\u00f6nemine ait faaliyetlerini, finansal performans\u0131n\u0131 ve stratejik hedeflerini sentezleyen kapsaml\u0131 bir \u00f6zet sunmaktad\u0131r.<\/p>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Marshall Boya, 2026 y\u0131l\u0131n\u0131n ilk \u00e7eyre\u011finde k\u00fcresel jeopolitik risklerin ve ekonomik dalgalanmalar\u0131n g\u00f6lgesinde operasyonel s\u00fcreklili\u011fini korumaya odaklanm\u0131\u015ft\u0131r. \u015eirket, sat\u0131\u015f hacminde ge\u00e7en y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re bir daralma ya\u015famas\u0131na ra\u011fmen, net d\u00f6nem k\u00e2r\u0131n\u0131 \u00f6nemli \u00f6l\u00e7\u00fcde art\u0131rarak 164,5 milyon TL seviyesine \u00e7\u0131karm\u0131\u015ft\u0131r. Akzo Nobel grubunun k\u00fcresel g\u00fcc\u00fcn\u00fc arkas\u0131na alan \u015firket, Ar-Ge yat\u0131r\u0131mlar\u0131, s\u00fcrd\u00fcr\u00fclebilirlik odakl\u0131 modernizasyon \u00e7al\u0131\u015fmalar\u0131 ve yeni \u00fcr\u00fcn lansmanlar\u0131 ile pazar liderli\u011fini peki\u015ftirme stratejisini s\u00fcrd\u00fcrmektedir. \u00d6zellikle enerji verimlili\u011fi ve ye\u015fil sanayi projeleri, \u015firketin operasyonel m\u00fckemmellik hedeflerinin merkezinde yer almaktad\u0131r.<\/p>\n<h2>1. Kurumsal Profil ve Ortakl\u0131k Yap\u0131s\u0131<\/h2>\n<p>1954 y\u0131l\u0131nda kurulan ve 1998 y\u0131l\u0131ndan bu yana k\u00fcresel kimya devi Akzo Nobel b\u00fcnyesinde faaliyet g\u00f6steren Marshall Boya, T\u00fcrkiye&#8217;nin boya sekt\u00f6r\u00fcndeki \u00f6nc\u00fc kurulu\u015flar\u0131ndan biridir.<\/p>\n<ul>\n<li><b>Sermaye Yap\u0131s\u0131:<\/b> \u015eirketin \u00e7\u0131kar\u0131lm\u0131\u015f sermayesi 10.994.134 TL olup, kay\u0131tl\u0131 sermaye tavan\u0131 50.000.000 TL&#8217;dir.<\/li>\n<li><b>Ortakl\u0131k Da\u011f\u0131l\u0131m\u0131:<\/b>\n<ul>\n<li><b>Akzo Nobel Coatings International B.V.:<\/b> %49,18 (Do\u011frudan) + %44,43 (Dolayl\u0131 &#8211; Tekyar Teknik Yard\u0131m A.\u015e. \u00fczerinden).<\/li>\n<li><b>Di\u011fer (Halka A\u00e7\u0131k):<\/b> %6,39.<\/li>\n<\/ul>\n<\/li>\n<li><b>\u0130\u015flem G\u00f6rd\u00fc\u011f\u00fc Endeksler:<\/b> BIST Kocaeli, BIST T\u00fcm-100, BIST Ana, BIST Kimya Petrol Plastik, BIST S\u0131nai, BIST 500 ve BIST T\u00fcm.<\/li>\n<\/ul>\n<h2>2. Y\u00f6netim ve Organizasyonel Yap\u0131<\/h2>\n<p>\u015eirket, kurumsal y\u00f6netim ilkelerine uyum \u00e7er\u00e7evesinde yap\u0131land\u0131r\u0131lm\u0131\u015f bir y\u00f6netim kuruluna ve uzmanla\u015fm\u0131\u015f komitelere sahiptir.<\/p>\n<h3>Y\u00f6netim Kurulu ve \u00dcst Y\u00f6netim<\/h3>\n<p>Y\u00f6netim Kurulu 6 \u00fcyeden olu\u015fmaktad\u0131r. Ba\u015fkanl\u0131k g\u00f6revini <b>Johann Frederick Smidt<\/b> y\u00fcr\u00fct\u00fcrken, Genel M\u00fcd\u00fcrl\u00fck g\u00f6revini <b>\u00d6zg\u00fcr Or\u00e7unus<\/b> (ayn\u0131 zamanda Sat\u0131\u015f ve Ge\u00e7ici Pazarlama M\u00fcd\u00fcr\u00fc) \u00fcstlenmi\u015ftir. 31 Mart 2026 itibar\u0131yla toplam personel say\u0131s\u0131 237&#8217;dir.<\/p>\n<h3>Komite Yap\u0131lanmas\u0131<\/h3>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Komite Ad\u0131<\/td>\n<td>Ba\u015fkan<\/td>\n<td>Toplanma S\u0131kl\u0131\u011f\u0131 (2026 Q1)<\/td>\n<\/tr>\n<tr>\n<td>Denetimden Sorumlu Komite<\/td>\n<td>Deniz Uyan<\/td>\n<td>1 Kez<\/td>\n<\/tr>\n<tr>\n<td>Kurumsal Y\u00f6netim Komitesi<\/td>\n<td>Deniz Uyan<\/td>\n<td>3 Kez<\/td>\n<\/tr>\n<tr>\n<td>Riskin Erken Saptanmas\u0131 Komitesi<\/td>\n<td>Kamil Attila K\u00f6ksal<\/td>\n<td>2 Kez<\/td>\n<\/tr>\n<tr>\n<td>S\u00fcrd\u00fcr\u00fclebilirlik Komitesi<\/td>\n<td>Elmas Top\u00e7u<\/td>\n<td>2 Kez<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>3. Finansal Durum Analizi<\/h2>\n<p>2026 y\u0131l\u0131n\u0131n ilk \u00fc\u00e7 ay\u0131, y\u00fcksek enflasyon d\u00fczeltmelerini (TMS 29) i\u00e7eren finansal sonu\u00e7larla raporlanm\u0131\u015ft\u0131r.<\/p>\n<h3>Temel Finansal G\u00f6stergeler (TL)<\/h3>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kalem<\/td>\n<td>31.03.2026<\/td>\n<td>31.03.2025<\/td>\n<td>De\u011fi\u015fim (%)<\/td>\n<\/tr>\n<tr>\n<td>Net Sat\u0131\u015flar<\/td>\n<td>1.498.181.980<\/td>\n<td>1.937.026.448<\/td>\n<td>-22,6<\/td>\n<\/tr>\n<tr>\n<td>Br\u00fct K\u00e2r<\/td>\n<td>605.621.735<\/td>\n<td>603.654.418<\/td>\n<td>+0,3<\/td>\n<\/tr>\n<tr>\n<td>Esas Faaliyet K\u00e2r\u0131<\/td>\n<td>221.198.165<\/td>\n<td>57.746.641<\/td>\n<td>+283,0<\/td>\n<\/tr>\n<tr>\n<td>D\u00f6nem K\u00e2r\u0131<\/td>\n<td>164.509.463<\/td>\n<td>88.271.101<\/td>\n<td>+86,3<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>Likidite ve Mali Yap\u0131 Oranlar\u0131<\/h3>\n<ul>\n<li><b>Cari Oran:<\/b> 1,00 (31.12.2025: 0,91).<\/li>\n<li><b>Toplam Varl\u0131klar:<\/b> 4,34 Milyar TL.<\/li>\n<li><b>Nakit ve Nakit Benzerleri:<\/b> 327,4 Milyon TL.<\/li>\n<li><b>\u00d6z Kaynaklar \/ Aktif Toplam\u0131:<\/b> 0,26.<\/li>\n<li><b>Br\u00fct K\u00e2r Marj\u0131:<\/b> %40,42 (\u00d6nceki y\u0131l %31,16).<\/li>\n<\/ul>\n<h2>4. Operasyonel Faaliyetler ve Yat\u0131r\u0131mlar<\/h2>\n<h3>\u00dcretim ve Kapasite<\/h3>\n<p>2026 y\u0131l\u0131n\u0131n ilk \u00e7eyre\u011finde \u00fcretim miktar\u0131 20.107 ton olarak ger\u00e7ekle\u015fmi\u015ftir (2025 Q1: 21.280 ton). Y\u0131ll\u0131k kapasite ise 94.007 ton seviyesinde sabit kalm\u0131\u015ft\u0131r.<\/p>\n<h3>Ar-Ge ve \u0130novasyon<\/h3>\n<p>2019 y\u0131l\u0131nda kurulan Ar-Ge Merkezi, t\u00fcketici ihtiya\u00e7lar\u0131na y\u00f6nelik patent hedefli \u00e7al\u0131\u015fmalar\u0131n\u0131 s\u00fcrd\u00fcrmektedir.<\/p>\n<ul>\n<li><b>\u0130\u015f Birlikleri:<\/b> Kocaeli \u00dcniversitesi ve Gebze Teknik \u00dcniversitesi ile stratejik ortakl\u0131klar devam etmektedir.<\/li>\n<li><b>Projeler:<\/b> &#8220;T\u00fcrkiye Ye\u015fil Sanayi Projesi&#8221; kapsam\u0131nda D\u00fcnya Bankas\u0131 destekli s\u00fcrd\u00fcr\u00fclebilir \u00fcr\u00fcn geli\u015ftirme s\u00fcre\u00e7lerine ivme kazand\u0131r\u0131lm\u0131\u015ft\u0131r.<\/li>\n<li><b>2026 Renk Temalar\u0131:<\/b> &#8220;Ege Melodisi&#8221;, &#8220;Akdeniz Ezgisi&#8221; ve &#8220;Karadeniz Na\u011fmesi&#8221; gibi b\u00f6lgesel esintiler ta\u015f\u0131yan renk paletleri 2026 lansman program\u0131n\u0131n bir par\u00e7as\u0131d\u0131r.<\/li>\n<\/ul>\n<h3>Yat\u0131r\u0131m Te\u015fvikleri<\/h3>\n<p>\u015eirket, makine ve te\u00e7hizat modernizasyonu i\u00e7in T.C. Sanayi ve Teknoloji Bakanl\u0131\u011f\u0131&#8217;ndan toplam <b>39.434.551 TL<\/b> tutar\u0131nda yat\u0131r\u0131m te\u015fvik belgesi alm\u0131\u015ft\u0131r. Bu te\u015fvik; KDV istisnas\u0131, g\u00fcmr\u00fck vergisi muafiyeti, faiz deste\u011fi ve %70 vergi indirimini kapsamaktad\u0131r.<\/p>\n<h2>5. S\u00fcrd\u00fcr\u00fclebilirlik ve Sosyal Sorumluluk<\/h2>\n<p>Marshall Boya, \u00c7evresel, Sosyal ve Kurumsal Y\u00f6netim (\u00c7SY) ilkelerini operasyonel s\u00fcre\u00e7lerine entegre etmi\u015ftir.<\/p>\n<ul>\n<li><b>TSRS Uyumu:<\/b> \u015eirket, T\u00fcrkiye S\u00fcrd\u00fcr\u00fclebilirlik Raporlama Standartlar\u0131&#8217;na uyumlu raporlama yapmakta olup, 2024 y\u0131l\u0131 raporu s\u0131n\u0131rl\u0131 g\u00fcvence denetiminden ge\u00e7mi\u015ftir.<\/li>\n<li><b>Enerji Verimlili\u011fi:<\/b> \u00dcretim tesislerinde do\u011fal ayd\u0131nlatma ve duman tahliye sistemleri modernize edilerek enerji t\u00fcketiminde azalma ve i\u015f sa\u011fl\u0131\u011f\u0131 g\u00fcvenli\u011fi risklerinde d\u00fc\u015f\u00fc\u015f sa\u011flanm\u0131\u015ft\u0131r.<\/li>\n<li><b>E\u011fitim ve Toplumsal Katk\u0131:<\/b> 2026&#8217;n\u0131n ilk \u00fc\u00e7 ay\u0131nda yakla\u015f\u0131k 1.500 ki\u015fiye (usta, m\u00fchendis, i\u015f orta\u011f\u0131) teknik e\u011fitim verilmi\u015ftir. Ayr\u0131ca 5 okula yakla\u015f\u0131k 195.701 TL de\u011ferinde boya hibesi yap\u0131lm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<h2>6. Risk Y\u00f6netimi ve Gelecek \u00d6ng\u00f6r\u00fcleri<\/h2>\n<p>Y\u00f6netim Kurulu, 2026 y\u0131l\u0131n\u0131n geri kalan\u0131 i\u00e7in ihtiyatl\u0131 bir b\u00fcy\u00fcme yakla\u015f\u0131m\u0131 benimsemi\u015ftir.<\/p>\n<ul>\n<li><b>Maliyet Bask\u0131s\u0131:<\/b> Jeopolitik risklere ba\u011fl\u0131 enerji ve emtia fiyatlar\u0131ndaki oynakl\u0131k, hammadde maliyetleri \u00fczerinde bask\u0131 olu\u015fturmaya devam etmektedir.<\/li>\n<li><b>Tedarik Zinciri:<\/b> Temin s\u00fcrelerindeki uzamalara kar\u015f\u0131 alternatif tedarik kaynaklar\u0131 ve kritik stok y\u00f6netimi stratejileri uygulanmaktad\u0131r.<\/li>\n<li><b>Finansal Riskler:<\/b> D\u00f6viz kurlar\u0131ndaki dalgalanmalar ve finansmana eri\u015fim ko\u015fullar\u0131ndaki s\u0131k\u0131la\u015fma nedeniyle likidite y\u00f6netimi ve i\u015fletme sermayesi ihtiyac\u0131 yak\u0131ndan izlenmektedir.<\/li>\n<\/ul>\n<h2>7. \u00d6nemli Duyurular<\/h2>\n<ul>\n<li><b>Genel Kurul:<\/b> 2025 y\u0131l\u0131 Ola\u011fan Genel Kurul Toplant\u0131s\u0131&#8217;n\u0131n <b>13 May\u0131s 2026<\/b> tarihinde \u0130stanbul Pendik&#8217;te yap\u0131lmas\u0131 kararla\u015ft\u0131r\u0131lm\u0131\u015ft\u0131r.<\/li>\n<li><b>Kat\u0131l\u0131m Finans\u0131:<\/b> \u015eirketin kat\u0131l\u0131m finans\u0131 ilkelerine uyumuna ili\u015fkin Bilgi Formu 2 Mart 2026 tarihinde kamuoyuyla payla\u015f\u0131lm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<button class=\"simplefavorite-button\" data-postid=\"2290\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>Marshall Boya 2026 Y\u0131l\u0131na G\u00fc\u00e7l\u00fc K\u00e2rl\u0131l\u0131k Art\u0131\u015f\u0131yla Ba\u015flad\u0131<br \/>\nMarshall Boya, 2026 y\u0131l\u0131n\u0131n ilk \u00e7eyre\u011fine dair finansal sonu\u00e7lar\u0131n\u0131 a\u00e7\u0131klad\u0131. K\u00fcresel tedarik zinciri zorluklar\u0131 ve dalgalanan maliyet yap\u0131lar\u0131na ra\u011fmen \u015eirket, net k\u00e2r\u0131n\u0131 ge\u00e7ti\u011fimiz y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re yakla\u015f\u0131k iki kat\u0131na \u00e7\u0131kararak 164,5 milyon TL seviyesine ula\u015ft\u0131rd\u0131. Operasyonel verimlilik hamleleri ve s\u00fcrd\u00fcr\u00fclebilirlik odakl\u0131 yat\u0131r\u0131mlar\u0131yla dikkat \u00e7eken Marshall, \u00f6zellikle inovatif \u00fcr\u00fcn gruplar\u0131 ve 39 milyon TL&#8217;yi a\u015fan modernizasyon te\u015fvikleriyle sekt\u00f6rdeki \u00f6nc\u00fc konumunu peki\u015ftirmeye devam ediyor. 2026 vizyonu kapsam\u0131nda dijitalle\u015fme ve \u00e7evre dostu teknolojilere odaklanan markan\u0131n, ilk \u00e7eyrek performans analizini ve gelecek hedeflerini yaz\u0131m\u0131zda bulabilirsiniz.<\/p>\n","protected":false},"author":5,"featured_media":1297,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[251],"tags":[54],"class_list":["post-2290","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-faaliyetraporuanalizi","tag-mrshl"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/2290","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\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/comments?post=2290"}],"version-history":[{"count":1,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/2290\/revisions"}],"predecessor-version":[{"id":2291,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/2290\/revisions\/2291"}],"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=2290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=2290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=2290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}