Vestel Elektronik Sanayi Ve Ticaret AS - Company Profile
Powered by 
All the sales intelligence you need on Vestel Elektronik Sanayi Ve Ticaret AS in one solution.
- Save hours of research time with a comprehensive
Sales Intelligence Solution.
- Understand how Vestel Elektronik Sanayi Ve Ticaret AS fits into your total
addressable market and Ideal Customer Profile.
- Gain competitive edge with triggers that tell you
when and how to engage with Vestel Elektronik Sanayi Ve Ticaret AS.
Get in touch about GlobalData Company reports
Contact the team or request a demo to find out how our data can drive your business forward
Vestel Elektronik Sanayi Ve Ticaret AS (Vestel Electronik), a subsidiary of Zorlu Holding AS, is engaged in the manufacturing, marketing, and distribution of consumer electronics, household appliances, 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. Vestel Electronik’s 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
12,371
Industry
Consumer Packaged Goods
Ticker Symbol & Exchange
VESTL.E (IST)
Revenue (2024)
$3.5B
-26%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-105.8%
(2024 vs 2023)
Market Cap*
$172.2M
Net Profit Margin (2024)
XYZ
-178.1%
(2024 vs 2023)
* As of and is in US$
Vestel Elektronik Sanayi Ve Ticaret AS premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| TV Sets | Hygiene Solutions | Vestel |
| Air-Conditioners | ||
| Visual Solutions | ||
| XYZ | ||
| XYZ | ||
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In September, the company signed an agreement to acquire a 4.64% stake in VIDAA International Holdings BV. |
| 2024 | Acquisitions/Mergers/Takeovers | In May, the company’s wholly-owned indirect subsidiary, Vestel Holland B.V., received approval for the acquisition of Cylinda AB. |
| 2023 | New Products/Services | In October, Vestel launched its third Vestel-branded EV charger in 2023. |
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 | Munich | Kadoma | Munich | Istanbul |
| State/Province | - | - | Osaka | Baden-Wurttemberg | - |
| No. of Employees | 12,371 | 317,000 | 207,548 | 57,000 | 45,744 |
| 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 | 81 |
| Omer Yungul | Chief Executive Officer | Senior Management | - | 70 |
| Nezihe Duygu Badem Uylukçuoglu | Chief Marketing Officer | Senior Management | 2023 | 41 |
| Tarik Leloglu | Chief Commercial Officer-Türkiye, Central Asia, Iran, Iraq, Syria and North Cyprus | Senior Management | 2023 | 53 |
| Bekir Cem Koksal | Director; Member- Executive Committee | Executive Board | - | 58 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
Still looking?
Have you found what you were looking for? From start-ups to market leaders, uncover what they do and how they do it.
Explorer
Access more premium companies when you subscribe to Explorer