Jakarta, July 21st 2023 — A leading listed company in the business of Digital Information and Communication Technology (ICT), especially in the field of Digital Solutions & Consulting and Digital Distribution, PT Metrodata Electronics Tbk (MTDL) recorded an increase in its Commercial segment revenue in the 1H23. The Commercial segment targets IT product sales to system integrators, where the end users are corporations. The increase in revenues from Corporate customers is also experienced by the Solutions & Consulting business unit, which experienced double-digit growth in 1H23. As indicated by the Bank Indonesia’s (BI) survey, there has been an increase in business activity in the second quarter of this year.*
In 1H23, MTDL recorded consolidated revenues of IDR 9.3 trillion, even though it was still down 4% YoY, but when compared between quarters there has been a 7% QoQ revenues growth. In this period, MTDL managed to record a net profit of IDR 272.2 billion, grew by 0.3% YoY from the same period the previous year.
The trend of recovery is experienced in the Consumer segment of the Distribution business unit, which was initially impacted by weakening demand for Notebooks & PCs in 1Q23. However, in 2Q23, it has already achieved a positive growth of 7% QoQ. Meanwhile, the Commercial segment continues to provide solid contributions until 1H23, supporting the Distribution business unit with a Commercial segment growth of 18% YoY. Although the total revenue of the Distribution business still declined by 6% YoY, analyzing the quarterly performance, the recovery in the Consumer segment and the strong revenue from the Commercial segment have driven an 18% QoQ increase in Distribution business unit revenue.
Meanwhile, the Solutions & Consulting business unit has achieved a revenue growth of 13% YoY in 1H23. Among the 8 pillars of the Solutions & Consulting business, Cloud solutions stand out as the main highlight compared to other solutions, contributing 43% to the total order booking of the 8 pillars. Considering Indonesia as one of the countries with the largest internet population in the world, with over 200 million internet users, the company is optimistic about the sustainable growth of Cloud solutions. Additionally, the increasing number of data centers being built in Indonesia will further accelerate the penetration of the internet for individuals and businesses, thereby boosting the adoption of Cloud-based services. Consequently, MTDL has successfully maintained a significant growth rate of 21% YoY in the Cloud segment during 1H23.
"If you look at the development of the digital ICT business in the country, and see our revenue growth from in the second quarter which showed a quite significant increase, we can expect a lot that the recovery of the digital ICT business is ongoing. We hope that this recovery process will continue so that MTDL can continue to record significant accelerated revenue growth," said President Director of MTDL, Susanto Djaja.
On the other hand, Indonesia's success as one of the countries in the world with a fast post-covid recovery process, with economic growth expected to reach 5.3% by the end of 2023**, has made many vendors explore cooperation with MTDL. Recently, in the Distribution business unit, there have been collaborations in the smart home products, audio-visual products, and even Cloud services for both B2B and B2C sectors. On the other hand, the Solutions & Consulting business unit has recently partnered with several vendors for the supply chain solutions, Cloud-based observability solutions, and data processing services.
Meanwhile, from the total revenue of the Company in 1H23, the Distribution business unit contributed Rp 6.9 trillion, while the Solutions & Consulting business unit recorded revenue of Rp 2.9 trillion. As a result, the Distribution business unit continues to be the majority contributor to the total consolidated revenue, accounting for 71%.
Another main business is the Digital Solutions and Consulting Business (Digital Solution Provider to Help Companies Achieving Digital Transformation) provides complete ICT solutions based Metrodata’s 8 pillars of Digital Solution, which are Cloud Services, Big Data & Analytics, Hybrid IT Infrastructure, Security, Business Application, Digital Business Platform, Consulting & Advisory Services, and Managed Services to support digital business transformation.
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