Despite Challenging Conditions, MTDL Still Able to Book 13.3% YoY Net Profit Increase in 9M24

Supported by Recovery of ICT Distribution Business Line in Consumer and Commercial Segment

Jakarta, October 31st 2024 — A publicly listed digital solution provider and technology innovator company with two main business segments, which has two business fields, namely solutions & consulting and ICT distribution with almost 50 years of business experience, PT Metrodata Electronics Tbk (MTDL) managed to record a net profit growth of 13.3% amidst challenging conditions in the 9M24.

 

In this period, the Company managed to book revenue of IDR 17.2 trillion, increasing by 14.1

% YoY. Meanwhile, net profit was recorded at IDR 455.4 billion, compared to the same period the previous year which was at IDR

401.8 billion.

 

This positive performance was supported by the distribution business unit which became the main driver of increased revenue. In the distribution business, the consumer (PC & Notebook) and commercial segments (server, storage, etc.) began to show growth in 9M24, meanwhile, smartphone sales have increased significantly, driven by the growth of one of the smartphone brands distributed by the Company, which has gained market share. Overall, until the 9M24, the distribution business managed to record revenue of IDR

13.5 trillion, increasing 18.3% YoY.

 

As for the revenue in the solutions & consulting business unit in this period slightly decreased, but approaching the schedule for the  formation  of  the  new  government cabinet, order bookings have begun to show an increase. The solutions and consulting business achieved revenue of Rp4,2 trillion, down 4.1% YoY.

 

 

The Company sees opportunities for rapid and sustainable development from the trend of using ICT solution technology, the main ones coming from Cloud, Business Application, Digital Business Platform, and Cybersecurity. Meanwhile, the industrial sectors that are the main pillars of the Company's revenue generation include financial services, telecommunications, oil and gas, and manufacturing. Anticipating the latest technology trends, MTDL has partnered with FPT-IS, a leading technology company in Southeast Asia, to focus on developing cybersecurity, AI, and software development solutions. By combining MTDL's local market knowledge and FPT-IS's expertise, this collaboration aims to accelerate the adoption of cybersecurity and AI in Indonesia.

 

 

In addition, MTDL has set aside capital expenditure of IDR120 billion to increase the capacity of the Company's logistic center in Cibitung, the utilization rate of which has exceeded 90%. Increasing warehouse capacity is expected to boost product sales and expand the Company's product portfolio.

 

"MTDL’s success in achieving positive growth in revenue and net profit in challenging times, supported its effective product and solution strategy, as well as the Company's ability to adapt to the ever-changing market needs. The collaboration with FPT-IS and the increased warehouse capacity, is proof of our commitment to becoming the largest ICT Company in Indonesia," Susanto Djaja, President Director of MTDL concluded.