In November 2024, Sequoia reported a net loss for the third quarter of 2024, attributed partly to restructuring costs and operational adjustments. As part of its capital raising strategy, the company announced the sale of a logtech subsidiary to improve liquidity.
This divestiture aligns with Sequoia’s focus on core logistics services and financial discipline. Management emphasized that the transaction will help reduce debt levels and provide funds for strategic investments in technology and fleet modernization.
Investors are encouraged to view this temporary setback within the context of a broader restructuring and growth plan aimed at long-term profitability.
Source: Reuters Brazil, November 28, 2024