MTDL Optimistic to Grow Beyond Target
By : Nata Kesuma | Thursday, October 28 2021 - 21:00 IWST
PT Metrodata Electronics Tbk (‘MTDL’)
INDUSTRY.co.id - Jakarta, October 28, 2021 - PT Metrodata Electronics Tbk (‘MTDL’), an Information and Communication Technology (“ICT”) issuer in the field of digital solutions and hardware and software distribution, is optimistic that it can grow beyond its target by the end of 2021.
MTDL succeeded in recording positive performance in the Third Quarter of 2021 by posting revenue of IDR12.1 trillion, an increase of 20.9% compared to the same period in the previous year.
This achievement was accomplished despite the government’s strict policy of implementing Community Activity Restrictions (PPKM) in an effort to reduce the spread of Covid-19.
“This revenue achievement would not have been possible without the contribution of the two MTDL business units, the Distribution business unit and the Solutions & Consulting business unit. The Distribution business unit experienced a lot of demand for ICT products in the midst of a pandemic. On the other hand, the Solutions & Consulting business unit still managed to overcome the sizable number of challenges it experienced in completing projects to customers due to the large number of customer employees affected by the pandemic. For this reason, MTDL is optimistic that it can grow beyond the target in 2021, above the target previously set at the end of 2020 of 10%.” Said Susanto Djaja as the President Director of MTDL.
Revenue growth contribution in the Distribution business unit was supported by product diversification, especially Chromebooks and gaming products. Although there was a shortage of ICT products in the Third Quarter of 2021, MTDL managed to record a good revenue performance.
One of the efforts is to diversify Notebook and PC products which their availability are being quite limited, by marketing Chromebook products and running partnerships with new brands.
In the Solutions & Consulting business unit, revenue were contributed by product provision and implementation to support the implementation of the KOMI (BI-FAST System MII Converter) project.
Then, the revenue performance of Cloud and other solutions from the eight pillars of MTDL digital solutions, namely Cloud Services, Big Data & Analytics, IT Security, Hybrid IT Infrastructure, Business Application, Digital Business Platform, Consulting & Advisory Services, and Managed Services also generally increased in the midst of a pandemic.
“In addition to achieving good revenue, in the Third Quarter of 2021 MTDL posted a net profit of IDR351.4 billion or an increase of 31.3% compared to the same period in the previous year. The net profit contribution to the Distribution business unit also increased by 44.4%, and the Solutions & Consulting business unit increased by 19.9%. MTDL has been equipped with a comprehensive ICT infrastructure so that it can support our performance even in the midst of the PPKM policy. Various processes such as ordering and product delivery can be carried out seamlessly because of the infrastructure that allows remote work processes,” said Randy Kartadinata as Director of MTDL.
For information, in the Third Quarter of 2021 MTDL invested in venture capitals and matured start-up companies engaged in e- groceries. In the future, MTDL will continue to invest in businesses with digital platforms in order to strengthen the digital ecosystem in Indonesia.
“MTDL is also optimistic that it will achieve double-digit growth for revenue and net profit in 2021, considering that the acceleration of digital transformation accelerated by the pandemic will continue as part of the new normal era,” concluded Susanto.