Jakarta, 12 May 2020 – As a company that offers Digital Solution and Distribution services, PT Metrodata Electronics Tbk (“MTDL”)’s business is highly demanded in the Information and Communication Technology (ICT) field in the midst of Covid-19 pandemic. The Company has two main Business Units of Hardware and Software Distribution with more than 100 world-class ICT brands; it also offers Solution and Consulting Services for companies that undergoing digital transformation of industry 4.0. It is unquestionable, that in the period where companies are obligated to implement work from home (WFH) procedure, the requirement for a solid IT infrastructure and tools are essential.
Susanto Djaja, the President Director of MTDL said that “As one of the biggest and experienced ICT companies in Indonesia, the products and services that MTDL offers are significantly supportive for every user to work efficiently from their homes and to support the company’s activity even though its men power have to work from home. We partner with more than 100 famous brands that share a similar vision with us as a trusted IT company. We are ready to support the digital transformation of our clients and corporate partners, so they can operate efficiently in this pandemic.”
MTDL offers essential IT products in this WFH period such as notebook, printer, switch, access point, cloud computing and many more. The need for the notebook is still significant nowadays, it contributed up to 60% to the revenue of MTDL’s Distribution Business Unit.
In the uncertainty of the economy due to Covid-19, MTDL recorded a net profit of IDR 94.3 billion in Q1-2020, increased 10.1% yoy from IDR 85.6 billion in Q1-2019. MTDL also booked an increase in revenue 4.9% yoy from IDR 3.2 trillion in Q1-2019 to IDR 3.4 trillion in Q1-2020. “We are grateful that our diversification effort and strategy enables to grow the revenue of the Solution and Consulting Business Unit by 15.4% and the Distribution Business Unit by 1.4%,” told Susanto.
Randy Kartadinata, Director of MTDL said that the growth is supported by the diversification effort of each business unit. “Solution Business Unit has sales coverage to every kind of industries to spread the receivables risk, and the receivable of industries that are impacted by Covid-19 is not significant. Meanwhile, the Distribution Business Unit managed to cover 4,000 channel partners to minimalise the concentration of receivables at certain partners.”
“Moreover, we are able to maintain the supply of our inventory in the midst of Covid-19 to be better than our competitor, to the extent that it improved our gross profit/gross margin from last year,” said Randy. The Company has pretty healthy finance, where its current ratio is 2.5x. Meanwhile, the loan to the bank is minimum as IDR 226 billion with debt to equity ratio of 0.1x, the opportunity for capital lease to further expand the company is opportunistic.
Susanto adds that the growth of MTDL is not only triggered by solid financials, it also supported from management that prioritises good corporate governance in sales, implementations and receivable collections. “We are confident in our employees’ competence in completing IT task that can be done remotely to our clients and corporate partners. We also committed in fulfilling the demand of IT products for WHV in these days, so that the client’s satisfaction helps the receivable collections to be controlled and on target,” told Susanto.
“In this extraordinary challenge due to the pandemic, Metrodata plans to keep the consistency and ensure that every digital transformation services are smooth. In the future, we believe that the demand for ICT Solution to support the digital transformation will be needed more than before, so the role of MTDL in supporting the acceleration of digital transformation in Indonesia will become more realistic,” closed Susanto.
About PT Metrodata Electronics Tbk
PT Metrodata Electronics, Tbk (“the Company”)—the publicly listed company on Bursa Efek Indonesia (IDX) since 1990 (IDX: MTDL) is one of the leading Information and Communication Technology (“ICT”) companies in Indonesia that build strategic alliances with world-class ICT companies. The Company has three main business units, namely Distribution Business that handles distribution to partnered dealers, ICT solution companies and also running an e-commerce business. Its distribution network is covering more than 150 cities in Indonesia and has more than 4,000 channel partners and more than 100 world-class IT products and service brands; Solution Business that provides complete ICT solutions from design, implementation, IT Managed Services, consultation and training; Consulting Business that offers innovative business solutions from conceptualizing, commissioning and implementation, and supporting for business transformation.
For more information, please call:
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Randy Kartadinata |
F. Dion / Melani Dwi Nastiti |
PT. Metrodata Electronics, Tbk.
APL Tower 37th Floor
Jl. Letjen S. Parman Kav. 28
Jakarta 11470
Contact Us:
P: (62-21) 2934 5888
F: (62-21) 2934 5899
E: info.metrodata@metrodata.co.id
