EssilorLuxottica Eyes €28B Sales Target Amid Meta Supply Woes

The group is expected to post a full-year sales intake of approximately 28.05 billion euros ($33.43 billion), a notable jump from the 26.51 billion euros reported in the previous period, according to FactSet consensus estimates. Analysts also anticipate EBITDA—a critical measure of operational profitability—to reach 6.84 billion euros. This financial momentum follows a strong second half of the year, bolstered by consistent demand for premium eyewear and high-tech frames.

The Smartglasses Supply Gap

Despite strong consumer interest, the rollout of AI-integrated Ray-Bans has faced significant headwinds. Meta recently delayed the product's European launch, citing surging demand in the U.S. that has strained existing supply chains. Baader Helvea analyst Louis Billon characterized the delay as a "confession of failure," suggesting that EssilorLuxottica and Meta are struggling to scale production to meet global appetite. Furthermore, the partnership faces legal scrutiny following a patent infringement lawsuit filed by Solos Technology.

Nevertheless, the smartglasses category remains a vital growth engine. Jefferies analysts estimate that AI-powered hardware contributed roughly half of the group’s fourth-quarter revenue growth. This leverage could provide EssilorLuxottica with an opening to renegotiate its deal with Meta, potentially securing lower royalty rates or increased capital investment from the tech giant. Detailed strategic updates are unlikely to emerge until the group’s next capital markets day, expected in 2025.