Exploring 3 High Growth Tech Stocks in France

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The French market has recently seen a positive shift, with the CAC 40 Index adding 0.71% amid slowing inflation, which supports the case for potential interest rate cuts by the European Central Bank. This economic environment sets a promising backdrop for high-growth tech stocks in France, as lower borrowing costs can enhance growth prospects. When evaluating high-growth tech stocks in this context, it's crucial to consider companies that demonstrate strong innovation capabilities and robust financial health to capitalize on favorable market conditions.

Top 10 High Growth Tech Companies In France

Name

Revenue Growth

Earnings Growth

Growth Rating

Icape Holding

16.18%

35.08%

★★★★★☆

Cogelec

11.32%

24.06%

★★★★★☆

VusionGroup

21.32%

25.74%

★★★★★★

Munic

26.68%

149.17%

★★★★★☆

Adocia

59.08%

63.00%

★★★★★★

Oncodesign Société Anonyme

14.68%

101.18%

★★★★★☆

Valneva

24.22%

28.34%

★★★★★☆

Pherecydes Pharma Société anonyme

63.30%

78.85%

★★★★★☆

OSE Immunotherapeutics

30.02%

5.91%

★★★★★☆

beaconsmind

31.75%

106.73%

★★★★★★

Click here to see the full list of 44 stocks from our Euronext Paris High Growth Tech and AI Stocks screener.

Below we spotlight a couple of our favorites from our exclusive screener.

Esker

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Esker SA operates a cloud platform for finance and customer service professionals in France and internationally, with a market cap of €1.40 billion.

Operations: The company generates revenue primarily from its Software & Programming segment, amounting to €190.92 million. It serves finance and customer service professionals through its cloud platform across France and internationally.

Esker has recently garnered attention due to M&A rumors involving Bridgepoint Group, which has driven its shares up 35% over the past year, giving it a market value of approximately €1.2 billion ($1.3 billion). The company’s R&D expenses are notable, with significant investments in sustainable practices and ESG compliance within its Source-to-Pay suite. Esker’s earnings are projected to grow at an impressive 25.4% annually, outpacing the French market's average growth of 12.2%, while revenue is expected to increase by 11.8%.

ENXTPA:ALESK Revenue and Expenses Breakdown as at Sep 2024
ENXTPA:ALESK Revenue and Expenses Breakdown as at Sep 2024

Lectra

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Lectra SA provides industrial intelligence solutions for fashion, automotive, and furniture markets in Northern Europe, Southern Europe, the Americas, and the Asia Pacific with a market cap of €1.06 billion.