The boom in e-commerce during the coronavirus pandemic has benefited logistics companies like Sequoia (SEQL3). With clients such as Magazine Luiza and Mercado Livre, the company managed to increase its net profit in the fourth quarter of 2020 by 196%, to R$17.7 million.
According to CEO Armando Marchesan Neto, the strategy is to be an "asset-light" company - without many assets, such as real estate-to make investments in operational improvement and remain a consolidator in the sector. Last year, for example, Sequoia announced the acquisition of Direcional and Prime and this year, it has also acquired Plimor from Rio Grande do Sul.
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