Vestel
| Company type | Anonim Şirket |
|---|---|
| BİST: VESTL | |
| Industry | Consumer Electronics, Home Appliances, Information Technology |
| Founded | 1984 |
| Headquarters | Manisa, Turkey |
Area served | Europe, Middle East, Central Asia, United States |
Key people | Ahmet Nazif Zorlu (Chairman) Ergün Güler (CEO) |
| Products | Televisions, major appliances, digital signage displays, smartphones |
| Brands | |
| Revenue | US$4.07 billion (2024) |
| US$265 million (2023) | |
| US$80 million (2023) | |
| Total assets | US$4.95 billion (2024) |
| Total equity | US$1.48 billion (2023) |
Number of employees | 20,438 |
| Parent | Zorlu 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, Vortex and many own brand labels.