Tag: Pieter Sikkel

  • Pyxus Empowers Growers with New Mobile App

    Pyxus Empowers Growers with New Mobile App

    Pyxus International has launched Pyxus Alliance, a proprietary mobile application aimed at simplifying crop contracting and management for growers. The platform allows growers to self-submit contract-related data, request crop inputs, access essential crop information, and update personal records, all from a single, convenient interface. By reducing reliance on paper documentation and administrative tasks, the app is designed to give growers more time to focus on producing high-quality, sustainable, and compliant crops. According to Pyxus CEO Pieter Sikkel, the app represents an industry milestone as the first digital solution of its kind, streamlining operations while enhancing grower autonomy.

    The app is currently being piloted with select contracted growers in Brazil, where early feedback has been highly positive. Growers like Samuel Krambeck report that the platform has cut the time spent on contracting by roughly 80% compared to previous methods, allowing more focus on crop quality and productivity. Pyxus plans a global rollout following the pilot phase, and the app is now available for participating growers through Google Play and the Apple App Store, marking a significant step toward digitizing agricultural operations and improving efficiency across the company’s global grower network.

  • Pyxus Reports Sluggish Q1, But Reaffirms Full-Year Guidance

    Pyxus Reports Sluggish Q1, But Reaffirms Full-Year Guidance

    Pyxus International announced fiscal Q1 2026 results, reporting revenue of $508.8 million, down from $634.9 million a year earlier, primarily due to accelerated shipments into Q4 FY2025. Despite the decline, CEO Pieter Sikkel said results were in line with expectations and aligned with the company’s “normalized cycle” of buying early and selling later in the fiscal year.

    Operating income was $21 million, down from $40.5 million Y-Y, while net loss reached $15.8 million versus a $4.6 million profit last year. Adjusted EBITDA dropped to $29.5 million, reflecting lower sales volumes but was supported by strong global demand and improved pricing.

    The company noted a tobacco inventory of $1.1 billion, reflecting larger crop availability in Africa and South America. Uncommitted inventory remained low at 2.4% of processed stock, signaling sustained demand.

    Despite the early numbers, Pyxus reaffirmed its FY2026 guidance of $2.3–$2.5 billion in revenue and $205–$235 million in adjusted EBITDA.