Overview
VESTEL ELEKTRONIK
Vestel A.S. sells goods that do everything from refrigerate to communicate. Vestel develops, manufactures, markets, and sells a variety of consumer electronics, household appliances, and digital products including LCD and plasma TVs, digital receivers, wireless products, refrigerators, and air conditioners. Based in Turkey, the company primarily serves markets in Turkey and Europe (more than 70% of the company's revenues are from exports) and
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Read More is intent on building its footprint in Russia, Ukraine, the Middle East, and Africa. The family of Chairman Ahmet Zorlu owns 51% of the company through Collar Holding BV.
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Read More is intent on building its footprint in Russia, Ukraine, the Middle East, and Africa. The family of Chairman Ahmet Zorlu owns 51% of the company through Collar Holding BV.
Read Less
Ahmet Nazif Zorlu
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Communications Equipment Manufacturing
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Computer and Peripheral Equipment Manufacturing
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Household Appliances and Electrical and Electronic Goods Merchant Wholesalers
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Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers
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Radio and t.v. communications equipment
See All Industries , Computer terminals , Electrical appliances, television and radio Warm air heating and air conditioning
See Fewer Industries
See All Industries , Computer terminals , Electrical appliances, television and radio Warm air heating and air conditioning
See Fewer Industries
Aerospace Product and Parts Manufacturing
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Agriculture, Construction, and Mining Machinery Manufacturing
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Alumina and Aluminum Production and Processing
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Animal Food Manufacturing
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Animal Slaughtering and Processing
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Apparel Accessories and Other Apparel Manufacturing
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Apparel Knitting Mills
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Architectural and Structural Metals Manufacturing
View more , Audio and Video Equipment Manufacturing , Bakeries and Tortilla Manufacturing , Basic Chemical Manufacturing , Beverage Manufacturing , Boiler, Tank, and Shipping Container Manufacturing , Cement and Concrete Product Manufacturing , Clay Product and Refractory Manufacturing , Coating, Engraving, Heat Treating, and Allied Activities , Commercial and Service Industry Machinery Manufacturing , Computer and Peripheral Equipment Manufacturing , Converted Paper Product Manufacturing , Cut and Sew Apparel Manufacturing , Cutlery and Handtool Manufacturing , Dairy Product Manufacturing , Electric Lighting Equipment Manufacturing , Electrical Equipment Manufacturing , Engine, Turbine, and Power Transmission Equipment Manufacturing , Fabric Mills , Fiber, Yarn, and Thread Mills , Footwear Manufacturing , Forging and Stamping , Foundries , Fruit and Vegetable Preserving and Specialty Food Manufacturing , Glass and Glass Product Manufacturing , Grain and Oilseed Milling , Hardware Manufacturing , Household Appliance Manufacturing , Household and Institutional Furniture and Kitchen Cabinet Manufacturing , Industrial Machinery Manufacturing , Iron and Steel Mills and Ferroalloy Manufacturing , Leather and Hide Tanning and Finishing , Lime and Gypsum Product Manufacturing , Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing , Manufacturing and Reproducing Magnetic and Optical Media , Medical Equipment and Supplies Manufacturing , Metalworking Machinery Manufacturing , Motor Vehicle Body and Trailer Manufacturing , Motor Vehicle Manufacturing , Motor Vehicle Parts Manufacturing , Navigational, Measuring, Electromedical, and Control Instruments Manufacturing , Nonferrous Metal (except Aluminum) Production and Processing , Office Furniture (including Fixtures) Manufacturing , Other Chemical Product and Preparation Manufacturing , Other Electrical Equipment and Component Manufacturing , Other Fabricated Metal Product Manufacturing , Other Food Manufacturing , Other Furniture Related Product Manufacturing , Other General Purpose Machinery Manufacturing , Other Leather and Allied Product Manufacturing , Other Miscellaneous Manufacturing , Other Nonmetallic Mineral Product Manufacturing , Other Textile Product Mills , Other Transportation Equipment Manufacturing , Other Wood Product Manufacturing , Paint, Coating, and Adhesive Manufacturing , Pesticide, Fertilizer, and Other Agricultural Chemical Manufacturing , Petroleum and Coal Products Manufacturing , Pharmaceutical and Medicine Manufacturing , Plastics Product Manufacturing , Printing and Related Support Activities , Pulp, Paper, and Paperboard Mills , Railroad Rolling Stock Manufacturing , Resin, Synthetic Rubber, and Artificial and Synthetic Fibers and Filaments Manufacturing , Rubber Product Manufacturing , Sawmills and Wood Preservation , Seafood Product Preparation and Packaging , Semiconductor and Other Electronic Component Manufacturing , Ship and Boat Building , Soap, Cleaning Compound, and Toilet Preparation Manufacturing , Spring and Wire Product Manufacturing , Steel Product Manufacturing from Purchased Steel , Sugar and Confectionery Product Manufacturing , Textile Furnishings Mills , Textile and Fabric Finishing and Fabric Coating Mills , Tobacco Manufacturing , Veneer, Plywood, and Engineered Wood Product Manufacturing Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing
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View more , Audio and Video Equipment Manufacturing , Bakeries and Tortilla Manufacturing , Basic Chemical Manufacturing , Beverage Manufacturing , Boiler, Tank, and Shipping Container Manufacturing , Cement and Concrete Product Manufacturing , Clay Product and Refractory Manufacturing , Coating, Engraving, Heat Treating, and Allied Activities , Commercial and Service Industry Machinery Manufacturing , Computer and Peripheral Equipment Manufacturing , Converted Paper Product Manufacturing , Cut and Sew Apparel Manufacturing , Cutlery and Handtool Manufacturing , Dairy Product Manufacturing , Electric Lighting Equipment Manufacturing , Electrical Equipment Manufacturing , Engine, Turbine, and Power Transmission Equipment Manufacturing , Fabric Mills , Fiber, Yarn, and Thread Mills , Footwear Manufacturing , Forging and Stamping , Foundries , Fruit and Vegetable Preserving and Specialty Food Manufacturing , Glass and Glass Product Manufacturing , Grain and Oilseed Milling , Hardware Manufacturing , Household Appliance Manufacturing , Household and Institutional Furniture and Kitchen Cabinet Manufacturing , Industrial Machinery Manufacturing , Iron and Steel Mills and Ferroalloy Manufacturing , Leather and Hide Tanning and Finishing , Lime and Gypsum Product Manufacturing , Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing , Manufacturing and Reproducing Magnetic and Optical Media , Medical Equipment and Supplies Manufacturing , Metalworking Machinery Manufacturing , Motor Vehicle Body and Trailer Manufacturing , Motor Vehicle Manufacturing , Motor Vehicle Parts Manufacturing , Navigational, Measuring, Electromedical, and Control Instruments Manufacturing , Nonferrous Metal (except Aluminum) Production and Processing , Office Furniture (including Fixtures) Manufacturing , Other Chemical Product and Preparation Manufacturing , Other Electrical Equipment and Component Manufacturing , Other Fabricated Metal Product Manufacturing , Other Food Manufacturing , Other Furniture Related Product Manufacturing , Other General Purpose Machinery Manufacturing , Other Leather and Allied Product Manufacturing , Other Miscellaneous Manufacturing , Other Nonmetallic Mineral Product Manufacturing , Other Textile Product Mills , Other Transportation Equipment Manufacturing , Other Wood Product Manufacturing , Paint, Coating, and Adhesive Manufacturing , Pesticide, Fertilizer, and Other Agricultural Chemical Manufacturing , Petroleum and Coal Products Manufacturing , Pharmaceutical and Medicine Manufacturing , Plastics Product Manufacturing , Printing and Related Support Activities , Pulp, Paper, and Paperboard Mills , Railroad Rolling Stock Manufacturing , Resin, Synthetic Rubber, and Artificial and Synthetic Fibers and Filaments Manufacturing , Rubber Product Manufacturing , Sawmills and Wood Preservation , Seafood Product Preparation and Packaging , Semiconductor and Other Electronic Component Manufacturing , Ship and Boat Building , Soap, Cleaning Compound, and Toilet Preparation Manufacturing , Spring and Wire Product Manufacturing , Steel Product Manufacturing from Purchased Steel , Sugar and Confectionery Product Manufacturing , Textile Furnishings Mills , Textile and Fabric Finishing and Fabric Coating Mills , Tobacco Manufacturing , Veneer, Plywood, and Engineered Wood Product Manufacturing Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing
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Actual
$4.12 billion
Actual
-11.9%
$174,493
DEC
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Istanbul:VESTL
Contacts
Get in Touch with 10 Principals*
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Ahmet Nazif ZorluChairperson
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
Dun & Bradstreet collects private company financials for more than 23 million companies worldwide. Find out more.
Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$4.12 billion
USD
Actual
1 USD = 34.6524 TRY
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | -$100 | $294 | -$115 |
| Net Investing Cash | -$323 | -$321 | -$215 |
| Net Financing Cash | $436 | $58 | $305 |
| Net Change in Cash | $12 | $31 | -$26 |
| Cash at Beginning of Period | $96 | $107 | $163 |
| Cash at End of Period | $78 | $96 | $74 |
| Capital Expenditure | -$206 | -$227 | -$198 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $78 | $96 | $74 |
| Accounts Receivable | $583 | $743 | $522 |
| Inventories | $793 | $980 | $651 |
| Other Current Assets | $160 | $186 | $174 |
| Asset Summary | |||
| Total Current Assets | $1,614 | $2,004 | $1,420 |
| Tangible Fixed Assets | $1,704 | $1,495 | $776 |
| Intangible Assets | $195 | $163 | $95 |
| Total Assets | $174,494 | $180,735 | $112,101 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $1,259 | $1,748 | $1,026 |
| Short-Term Debt | $1,219 | $1,111 | $961 |
| Other Current Liabilities | $290 | $396 | $248 |
| Liability Summary | |||
| Total Current Liabilities | $2,767 | $3,256 | $2,235 |
| Long-Term Debt | $523 | $78 | $33 |
| Other Long-Term Liabilities | $0 | $1 | $0 |
| Total Liabilities | $3,523 | $3,513 | $2,363 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $10 | $10 | $10 |
| Retained Earnings | $87 | $403 | $217 |
| Equity Summary | |||
| Total Equity | $1,291 | $1,502 | $790 |
| Shares Outstanding | 335,456,275 | 335,456,275 | 335,456,275 |