EssilorLuxottica fall as questions linger over smart glasses

EssilorLuxottica SA

23/04/2026 09:33

** EssilorLuxottica ESLX.PA down 4% as broadly inline results fail to lift shares pressured this year, with analysts flagging uncertainties around wearables growth and a demanding outlook

** "The questions about competitive pressure on wearables, the contribution to growth of other strategic projects and the resilience of consumption on traditional business remain open and to be monitored," says Equita, though it adds the results reassured on short-term slowdown risks

** Kepler: "The group reiterated its trajectory, but FY26 expectations imply >13% growth over coming quarters, a demanding target given tougher comps. Execution will hinge on the success of new smart glasses models."

** UBS, however, notes that double-digit growth momentum continues, which should reinforce confidence in the sustainability of smart glasses growth

** Total Q1 revenues at the Franco-Italian eyewear maker rose 10.8% at constant exchange rates to 7.23 billion euros ($8.35 billion)

** Stock is top faller in Paris .FCHI. It is down 28% YTD

 (Reporting by Romolo Tosiani, Hugo Lhomedet, Danilo Masoni)

 ((hugo.lhomedet@thomsonreuters.com))