| Vestel Elektronik Sanayi Ve Ticaret A.Ş. | |
| Type: | Anonim Şirket |
| Foundation: | 1984 |
| Location: | Manisa, Turkey |
| Area Served: | Europe, Middle East, Central Asia |
| Key People: | Ahmet Nazif Zorlu (Chairman) Ergun Guler (CEO) |
| Industry: | Consumer Electronics, Home Appliances, Information Technology |
| Products: | Televisions, major appliances, digital signage displays, smartphones |
| Revenue: | US$3.90 billion (2023)[1] |
| Operating Income: | US$265 million (2023) |
| Net Income: | US$80 million (2023) |
| Assets: | US$4.36 billion (2023) |
| Equity: | US$1.42 billion (2023) |
| Num Employees: | 20,438 |
| Parent: | Zorlu Holding |
| Homepage: | http://vestelinternational.com |
Vestel is a Turkish home and professional appliances manufacturing company consisting of 18 companies specialised in electronics,[2] 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.[3]
Vestel, together with its subsidiary brands has a significant share in the European market of consumer electronics and home appliances, in particular TV sets.[4] 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.[4] 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.[5]
Most TVs produced by Vestel are sold under licensed brand names such as Toshiba,[6] Hitachi, Polaroid, JVC, Bush, Alba, Finlux and many own brand labels.
Vestel was founded in 1984 and acquired by Zorlu Group in 1994.[7]