Jakarta, 29 July 2022 — PT Metrodata Electronics Tbk (“MTDL”), an issuer of Digital Information and Communication Technology (“ICT”), especially Digital Solutions & Consulting, also Digital Distribution, achieved a positive double-digit growth in its two business units. The Digital Solutions & Consulting Business Unit achieved IDR 2.5 trillion of revenue or grew 21% in the first semester of 2022 compared to the previous year. Meanwhile, the Digital Distribution Business Unit achieved IDR 7.4 trillion of revenue or grew 29% from the previous year in the same period.
The Digital Solutions & Consulting Business Unit booked IDR 162 billion of net profit or contributed 60% to MTDL’s total net profit in the first semester of 2022. Meanwhile, the Digital Distribution Business Unit booked IDR 109 billion of net profit or 40% to MTDL’s total net profit in first semester of 2022. Not all of the Digital Distribution Business Unit’s net profit portion goes to MTDL as a joint venture with Synnex Taiwan, which the net profit is divided by 50:50. MTDL is still optimistic that this positive performance will continue to increase in line with the increasing demand of ICT products, especially in digital solutions which also supported by the growth of investment in digital transformation and business cycles trend which usually increase at the end of the year.
Susanto Djaja as President Director of MTDL said, “We see that the increasing digital transformation in various industries is an opportunity for us to always provide the best for customers and business partners through two MTDL business units. We thank you for being chosen by our customers and business partners to provide effective solutions and to keep business activities relevant in the midst of the growing wave of digitization.”
From the Digital Solutions & Consulting Business Unit, the banking sector is still the largest customer, contributed 45% to Digital Solution & Consulting Business Unit revenue due to tremendous of digital transformation growth in banking industry for the last two years. The need for solution and consulting in this sector has increased sharply up to this first semester, previously the average portion of the banking sector was only 35%. Beside the banking sector, oil & gas, and telecommunications sectors also have great opportunities to be targeted. The Company will also continue to increase its marketing coverage for the segments which have not become major market, such as e-commerce and fintech.
Randy Kartadinata as Director of MTDL explained, “The rapid development of technology and the adoption of digital transformation in the banking, telecommunications, and oil & gas sectors holds tremendous potential that we can target. We believe with our experience, product portfolio, and solutions, we can address the growth potential in this market.”
MTDL continues to strengthen the Digital Solutions & Consulting Business Unit by completing the eight pillars of Metrodata's digital solutions, which are Cloud Services, Big Data & Analytics, IT Security, Hybrid IT Infrastructure, Business Application, Digital Business Platform, Consulting & Advisory Services, and Managed Services. One pillar that needs to be highlighted due to fast growing revenue is Cloud, it was the largest contributor by 34% to the eight pillars.
MTDL revenue from the Cloud is expected to increase since many companies are still in the early stages of switching to Cloud technology. This is also supported by the Cloud-based subscriptions trend that are increasingly in demand. As customer needs for Cloud solutions are getting higher, MTDL has prepared a dedicated division consisting of experts to help customers to get optimal benefits from Cloud solutions or other Cloud-based applications. This team can accelerate the transfer of knowledge and expertise as well as focus on the areas of pre-sales and implementation.
Last but not least the Distribution Digital Business Unit also achieved positive performance in the first semester of 2022. The Digital Distribution Business Unit achieved IDR 7.4 trillion of revenue in the first semester of 2022. There was a significant growth from the Commercial segment in 2Q22 by 31% QoQ. It showed that the current situation is stable enough for companies to spend more budget to invest in ICT. The increase in Digital Distribution Business Unit was largely driven by sales from the Consumer side which contributed 48% to total Digital Distribution revenue. On the other hand, Telco products contribute a fairly great performance by successfully achieving revenue of IDR 1.2 trillion with a significant growth in first semester of 2022 by 52% YoY.
“We are optimistic that by the end of 2022, we can achieve 15% revenue growth and 20% profit growth. Seeing various opportunities with the normal supply of ICT products and the growing development of digital solutions, we believe that we are able to continue to grow as a digital solution provider and technology innovator which become the center of actualization of the digital economy in Indonesia," Susanto concluded.
For further information, please contact:
PT. Metrodata Electronics, Tbk.
APL Tower 37th Floor
Jl. Letjen S. Parman Kav. 28
P: (62-21) 2934 5888
F: (62-21) 2934 5899