Jakarta, 3 May 2021 - PT Metrodata Electronics Tbk (“MTDL” or the Company), an Information and Communication Technology (“ICT”) issuer in the field of digital solutions and hardware and software distribution, managed to book revenues of IDR3.9 trillion or an increase of 13,9% in the First Quarter of 2021 compared to the same period in the previous year, which was IDR3.4 trillion. This is supported by the increasing digital transformation which has spurred the demand for ICT products and solutions during the economic recovery period. Together with Covid-19 pandemic’s promising downward trend, MTDL is optimistic that it can continue to achieve a better performance.
Susanto Djaja as President Director of MTDL said, “We are grateful to be able to achieve double digit revenue growth amid the Covid-19 pandemic. Although there are still obstacles in terms of product supply due to the global chip scarcity as the as the basic component for several ICT products, this year is already better than last year. We are optimistic from observing the improving pandemic and economic conditions, that it can further increase MTDL's business and revenue. In addition, this economic recovery is accompanied by a growing digitalization trend and people have gotten used to utilizing digital platforms, creating a continuous demand for ICT products and solutions.”
In addition to achieving revenue growth, MTDL also managed to record an increase in net profit in the First Quarter of 2021 of IDR27.3 billion or an increase of 29.0% YoY. MTDL’s performance improvement can also be seen from the revenue of each MTDL business unit. In the First Quarter of 2021 the Distribution business unit achieved revenue growth of 14.3% YoY, while the Solution and Consulting business unit increased 11.7% YoY.
Randy Kartadinata as Director of MTDL, explained, “This achievement is a synergy from various parties as the economy begins to recover. Each MTDL business unit also contributed positively, such as the recovery in the Distribution business unit, with smartphone sales increased by 93% compared to the First Quarter of the previous year. In addition, the Distribution business unit has also started marketing chromebook products since the end of last year, driving sales growth for notebooks and PCs. Furthermore, the Solution and Consulting business unit has also grown in revenue thanks to the digital transformation trends for many industrial sectors including financial institutions, e-commerce, telecommunications, manufacturing and distribution.”
In the First Quarter of 2021, recurring revenue in the Solution and Consulting business unit grew by 22.6%. Currently, the contribution from recurring revenue reaches 40% of the total revenue of this business unit and is expected to continue to grow in the following years. Recurring growth in MTDL revenue in the Solution and Consulting business unit will certainly contribute to positive MTDL performance.
The business potential for Solution and Consulting is driven by companies that will continue to invest in ICT for new normal work patterns in the future. Where the need for things such as Cloud Services, Big Data & Analytics, Security, Hybrid IT Infrastructure, Business Applications, Digital Business Platforms, Consulting & Advisory Services, Managed Services, and hardware and software updates are part of the digital transformation process.
For information, in the First Quarter of 2021, MTDL's financial condition was very healthy, as evidenced by the cash position of MTDL which reached IDR2 trillion and bank loans of IDR13.7 billion. “As the economy recovers, we are optimistic that the prospect of MTDL will be better than the previous year. Moreover, the digitalization trend that will continue to develop is accompanied by ICT solutions owned by MTDL. We believe that we can continue to provide the best ICT distribution and solutions to help customers transform digitally,” concluded Susanto.
About PT Metrodata Electronics Tbk
PT Metrodata Electronics Tbk (“the Company”) a public listed company in Indonesian Stock Exchange since 1990 (IDX: MTDL) is a well-known Information and Communication Technology (ICT) company in Indonesia that partners with world-class ICT companies. The Company currently has its main business unit which is the Distribution Business (Providing World-Class ICT Hardware and Software) that handles distribution to the dealers and ICT solution companies as well as running an e-commerce business. The distribution network covers more than 150 cities across Indonesia and has more than 5,200 channel partners with more than 100 brands of world-class IT products and services; the Solution 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:
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Randy Kartadinata Corporate Secretary Phone: (62-21) 29345 888
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Melani Dwi Nastiti / Kartika S. Public Relations / Investor Relations Phone: (62-21) 29345 888 / Gita: (62) 81282033227 Email : Melani.Nastiti@metrodata.co.id |
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
