Vestel Elektronik announced total revenues of US$ 3,550mn and net profit of US$ 45mn in FY14.
Click here for FY14 CMB financials.
Today, Vestel Elektronik has participated in the Ministry of National Education’s tender for the award of 700,000 Tablet Sets within the scope of Movement of Enhancing Opportunities and Improving Technology (FATIH) Project. Further developments will be shared with the public.
Mr. Turan Erdoğan, Chairman of the Executive Board of Vestel Elektronik Sanayi ve Ticaret A.Ş., has shared his evaluations regarding Vestel Elektronik’s performance in 2014 at a press meeting held yesterday evening.
Vestel Elektronik’s 2014 consolidated revenues are expected to exceed TL 7.5 billion, showing a more than 20% growth as compared to 2013. While domestic revenues are foreseen to reach more than TL 2 billion, implying an above 30% yoy growth, export revenues are expected to exceed TL 5.5 billion with a nearly 20% growth. R&D expenditures for Vestel Elektronik are expected to be around TL 170 million in 2014.
In its newly launched product, smart phones, Vestel Elektronik targets nearly 1 million units of domestic sales in 2015. In addition, under its license agreement with Sharp in the white goods business, Vestel Elektronik foresees around €150 mn of annual revenues from the sales of Sharp branded products in the medium term.
Vestel Elektronik bought Vestel Beyaz Eşya shares from the market with a nominal value of
TL 33,269 at a TL 10.75 per share on January 12, 2015. Following the transaction, the Company’s share in Vestel Beyaz Eşya reached 94.61%.
Vestel Elektronik bought Vestel Beyaz Eşya shares from the market with a nominal value of TL 7,020 at a TL 10.75 per share on January 09, 2015. Following the transaction, the Company’s share in Vestel Beyaz Eşya reached 94.59%.
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Vestel Elektronik bought Vestel Beyaz Eşya shares from the market with a nominal value of
TL 31,601 in the price range of TL 10.70 to TL 10.75 per share on January 07, 2015. Following the transaction, the Company’s share in Vestel Beyaz Eşya reached 94.56%.
Vestel Elektronik bought Vestel Beyaz Eşya shares from the market with a nominal value of TL 1,535 at a TL 10.75 per share on January 2, 2015. Following the transaction, the Company's share in Vestel Beyaz Eşya reached 94.54%.