EssilorLuxottica 2025 sales beat forecasts, smart‑glasses surge dents margins

MILAN, Feb 11 (Reuters) - Revenues at EssilorLuxottica ESLX.PA rose 11.2% at constant exchange rates last year, beating analysts' expectations, boosted by an acceleration in the group's AI-glasses business over the second half, the eyewear maker said on Wednesday.

The increase in smart‑glasses sales was also a factors that weighed slightly on margins which were also pressured by U.S. tariffs, the company said.

Smart‑glasses - which are developed in partnership with Meta META.O - are currently less profitable for EssilorLuxottica than other traditional products.

The adjusted margin slipped to 16.0% last year, down 70 basis points from 2024 at constant exchange rates.

Full‑year revenues came in at 28.5 billion euros, above the 28‑billion‑euro analyst consensus provided by Visible Alpha.

Adjusted operating profit rose 1% to 4.46 million euros in 2025.

The company said that over the next five years it expected, on average, "solid growth of total revenue and a broadly aligned growth of the adjusted operating profit", at constant exchange rates.