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 the company's parent conglomerate is the Istanbul based Zorlu Holding.
|Traded as||BİST: VESTL|
|Industry||Consumer Electronics, Home Appliances, Information Technology|
|Turan Erdogan, (CEO)|
Ahmet Nazif Zorlu (Chairman)
|Products||Televisions, Major Domestic Appliances, Digital Signage Displays, Smartphones|
|Revenue||€1.2 billion (2016)|
|€23 million (2016)|
Number of employees
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 sold in the Nordic countries. In 2014, Vestel entered the smartphone market.