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(Redirected from Vestel Elektronik) Electronics manufacturing company based in Turkey
Vestel Elektronik Sanayi Ve Ticaret A.Ş.
Company typeAnonim Şirket
Traded asBİST: VESTL
IndustryConsumer Electronics, Home Appliances, Information Technology
Founded1984
HeadquartersManisa, Turkey
Area servedEurope, Middle East, Central Asia
Key peopleAhmet Nazif Zorlu (Chairman)
Ergun Guler (CEO)
ProductsTelevisions, major appliances, digital signage displays, smartphones
RevenueIncrease US$3.90 billion (2023)
Operating incomeIncrease US$265 million (2023)
Net incomeIncrease US$80 million (2023)
Total assetsIncrease US$4.36 billion (2023)
Total equityIncrease US$1.42 billion (2023)
Number of employees20,438
ParentZorlu Holding
Website

Vestel is a Turkish home and professional appliances manufacturing company consisting of 18 companies specialised in electronics, major appliances and information technology. Vestel's headquarters and production plant are located in Manisa, while since 1994 the company's parent conglomerate is the Istanbul based Zorlu Holding.

Vestel, together with its subsidiary brands has a significant share in the European market of consumer electronics and home appliances, in particular TV sets. As of 2006, Vestel was the largest TV producer in Europe with more than 8 million units sold, accounting for a quarter of the European market. Vestel also has a subsidiary brand Vestfrost, used for white goods, and Luxor, used for televisions, sold in the Nordic countries. In 2014, Vestel entered the smartphone market.

Most TVs produced by Vestel are sold under licensed brand names such as Toshiba, Hitachi, Polaroid, JVC, Bush, Alba, Finlux and many own brand labels.

History

Vestel, IFA 2018, Berlin

Vestel was founded in 1984 and acquired by Zorlu Group in 1994.

See also

References

  1. "Annual Report 2023" (PDF). www.vestelyatirimciiliskileri.com.
  2. "Vestel founds e-mobility division and announces MCS charger". electrive.com. Retrieved 2024-11-04.
  3. "History | Zorlu". www.zorlu.com.tr. Retrieved 2024-11-04.
  4. ^ Businessweek: "The Unknown TV Giant" Archived January 30, 2012, at the Wayback Machine
  5. "Turkish company launches new model smartphone - Latest News". Hürriyet Daily News. 2015-11-17. Retrieved 2024-11-04.
  6. "Vestel Ticaret signs brand license agreement with Toshiba Visual". Reuters. 1 September 2016. Retrieved 2024-11-04.
  7. "Vestel Group Corporate Profile > About Us > Home > Vestel Investor Relations". www.vestelinvestorrelations.com. Retrieved 2024-09-19.

External links

Turkey BIST 100 companies of Turkey
Home appliance brands
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