Jakarta, October 29, 2019 –PT Metrodata Electronics Tbk (“MTDL”), public company engaged in the distribution, solution & consulting in Information and Communication Technology ("ICT") managed to maintain net profit growth in the third quarter-2019 by 35.5%YoY from Rp191.0 billion in the third quarter-2018 to Rp258.8 billion in the third quarter-2019. The growth of Indonesia's digital economy has become one of the aspects that plays a major role in sustaining positive performance.
From the e-Conomy SEA 2019 report released by Google, Temasek, and Bain & Company, Indonesia has become one of the countries with the fastest digital economic growth in the Southeast Asian region. This growth is in line with the recent launch of Palapa Ring, a national fiber optic network development project that connects 514 cities to accelerate equal distribution of digital economic equity."The growth of Indonesia's digital economy is increasing the demand for ICT products and solutions, as a digital solution & distribution company MTDL is ready to support the digital transformation of corporate customers and partners," said Susanto Djaja, President Director of MTDL.
MTDL's revenue recorded an increase in the third quarter of 2019, reaching Rp10.2 trillion, up 12.8%YoY from Rp9.1 trillion in the same period previous year."Still the same as the first semester of 2019, the highest revenue growth came from the Solution business unit, which is 25.1%. While the biggest contribution to revenue is still from the Distribution business unit by 77.0%, followed by the Solution business unit 21.3% and Consulting1.7%," continued Susanto.
While according to Randy Kartadinata, Director of MTDL, the revenue of Distribution business unit, under the management of a subsidiaryPT Synnex Metrodata Indonesia ("SMI"), grew Rp838 billion, or 11.5% YoY compared to last year. One of the main growth drivers is a relatively new business segment through PT My Icon Technology which engaged in the procurement of ICT products through e-catalogue (LKPP– National Public Procurement Agency). "For the B2G (business-to-government) segment, the sales are significant, reaching Rp404 billion until the third quarter of 2019," Randy said.
Randy added, "On the other hand, the growth of the Distribution business unit was also supported by the Consumer segment selling to dealers, with anincrease in demand for dealers who began to maintain stock after the presidential election. Combine with the growth in the Commercial segment that sells to the corporate segment through the ICT Solution Company which in line with the digital transformation that benefits these solution companies."
The development of digital technology such as IoT, AI (Artificial Intelligence), 5G, Big Data & Analytics, Dev-Ops, Cloud which is growing rapidly in Indonesia makes data an asset that needs to be protected."As technology develops, strong cybersecurity becomes important and indispensable to protectmorecomplex data.Therefore through SMI, we have established partnership with the International Council of E-Commerce Consultants ("EC-Council") to be cyber security certification solution provider, "Randy said. EC-Council is a leading cyber security certification provider, operating in 145 countries and 200,000 professional information security certifications globally. In addition, recently SMI has also been appointed by Uniview to market Uniarch products. Uniarch is a high quality IP (internet protocol) CCTV at an affordable price and easy to use.This partnership adds to the series of more than 90 brands offered through MTDL distribution channels.
The MTDL Solution business unit’s revenue under a subsidiary, PT Mitra Integrasi Informatika ("MII") grew Rp450.7 billion, or 25.1%YoY. "The needsfor digital solutions from small and medium scale segments up to enterprise can be fulfilled by MII as a digital solution provider so that in this digital transformation era, the Solution business unit is one of the biggest growth contributor for MTDL," Randy said. "Our biggest customer baseis from the Banking and Telecommunications industry with the main solution needed isfor IT infrastructure procurement with inter face projects for Banking and big data analytics for Telco."
In addition, the sales of 8 Pillars product represent 20% of the total Solution business unit revenue. The Eight Pillars consisting of Cloud Services, Digital Business Platform, Big Data & Analytics, Security, Consulting & Advisory Services, Managed Services, Hybrid IT Infrastructure, and Business Applicationare MTDL's initiatives in preparing the future technologies. With Cloud Services, Managed Services and Digital Business Platform as the biggest contributors.
The MTDL Consulting business unit under the subsidiary PT Soltius Indonesia ("SI") together with the Solution business unit continues to provide the latest specific solutions to corporate customers.
The growth of the Solutions & Consultation business unit is also supported by superior Human Resources, with more than 600 ICT consultants in the process of implementing ICT applications and services. MTDL provides Managed Services solution in the form of 420 ICT developers and 800 technical supportsthat are placed in the corporate customers’ offices.
Susanto was optimistic that MTDL could exceed the revenue and net profit target set at the beginning of this year. "By seeing the financial performance of each business units until third quarter of 2019 along with the continuos growth of Indonesia's digital economy, we feel that the target of 12% top line and 12.5% bottom line can be exceeded. With complete diversification business and product segments strategy, MTDL hopes to become a trusted digital technology provider that plays a role in accelerating Indonesia's digital economy."
About PT Metrodata Electronics Tbk
PT Metrodata Electronics, Tbk (“the Company”)—the public company that share listed at Bursa Efek Indonesia (IDX) since 1990 (IDX: MTDL) is one of the leading Information Communication Technology (“ICT”) companies in Indonesia and has built strategic alliances with world-class ICT companies. The Company currently has three main business units, namely Distribution Business handles distribution to dealer partners and ICT solution companies including running e-commerce business. Its distribution network is in more than 150 cities in Indonesia and has more than 4,000 channel partners and has more than 90 world-class IT products and service brands; Solution Business which provides complete ICT solutions from design, implementation, IT Managed Services, consultation and training; Consulting Business which offers innovative business solutions from conceptualizing, commissioning and implementation, and supporting for business transformation.
For more information, please contact:
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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
