Vestel Elektronik Sanayi Ve Ticaret AS - Company Profile
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Vestel Elektronik Sanayi Ve Ticaret AS (Vestel Electronik), a subsidiary of Zorlu Holding AS, is involved in the manufacturing, marketing and distribution of consumer electronics, household appliance and digital technologies products. The company offers a wide range of small home appliances, white goods, mobile products, and LED lighting products to consumers in domestic and foreign markets. Its product portfolio includes televisions, satellite systems, phones, digital cameras, smart home lighting products, and home appliances. It also offers washing machines, air-conditioners, refrigerators, freezers, cooking appliances, dishwashers, dryers and water heaters. The company conducts its business through household stores, dealer networks, sales points, electronics retailers, hypermarkets, discount stores, and e-commerce websites. It operates production facilities in Manisa, Turkey. Vestel Electronik is headquartered in Istanbul, Turkey.
Headquarters
Turkey
Address
Levent 199 Buyukdere Cad. No 199 Sisli, Istanbul, 34394
Telephone
90 212 4562200
No of Employees
19,525
Industry
Consumer Packaged Goods
Ticker Symbol & Exchange
VESTL.E (IST)
Revenue (2022)
$3.5B
79.6%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-54.8%
(2022 vs 2021)
Market Cap*
$890.9M
Net Profit Margin (2022)
XYZ
-74.8%
(2022 vs 2021)
* As of and is in US$
Vestel Elektronik Sanayi Ve Ticaret AS premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| TV Sets | Customer Services | : |
| Visual Solutions | Vestel | |
| Set-Top Boxes | ||
| XYZ | ||
| XYZ | ||
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | New Products/Services | In October, Vestel launched its third Vestel-branded EV charger in 2023. |
| 2023 | Others | In January, Vestel and TiVo announced to ship the first Powered by TiVo smart TVs. |
| 2022 | New Products/Services | In August, the company launched its independent media platform, TiVo OS. |
Competitor Comparison
| Key Parameters | Vestel Elektronik Sanayi Ve Ticaret AS | Siemens AG | Panasonic Holdings Corp | BSH Hausgerate GmbH | Arcelik AS |
|---|---|---|---|---|---|
| Headquarters | Turkey | Germany | Japan | Germany | Turkey |
| City | Istanbul | Muenchen | Kadoma-Shi | Munich | Istanbul |
| State/Province | - | Bayern | Osaka | Baden-Wurttemberg | - |
| No. of Employees | 19,525 | 320,000 | 233,391 | 63,000 | 41,342 |
| Entity Type | Public | Public | Public | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Ahmet Nazif Zorlu | Chairman | Executive Board | 2018 | 79 |
| Enis Turan Erdogan | Chief Executive Officer | Senior Management | - | 68 |
| Aysegul Ildeniz | Vice Chairman | Executive Board | 2019 | 54 |
| Bekir Cem Koksal | Director; Member- Executive Committee | Executive Board | - | 56 |
| Ergun Guler | General Manager - Domestic Sales and Marketing at Vestel Ticaret AS | Senior Management | 2012 | 49 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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