High Growth Tech Stocks in France to Watch This October 2024

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As global markets respond positively to China's new stimulus measures, European indices, including France’s CAC 40 Index, have seen significant gains. This optimistic market environment provides a fertile ground for identifying high-growth tech stocks in France that show strong potential amidst these favorable conditions. A good stock in this context often demonstrates robust innovation, solid financial health, and the ability to capitalize on emerging trends such as artificial intelligence and increased demand for technology solutions.

Top 10 High Growth Tech Companies In France

Name

Revenue Growth

Earnings Growth

Growth Rating

Icape Holding

17.24%

33.75%

★★★★★☆

Archos

25.98%

77.41%

★★★★★☆

Valneva

28.00%

25.49%

★★★★★☆

Valbiotis

33.52%

39.79%

★★★★★☆

Munic

26.73%

149.96%

★★★★★☆

VusionGroup

28.35%

82.32%

★★★★★★

Oncodesign Société Anonyme

14.68%

101.18%

★★★★★☆

Adocia

70.20%

63.97%

★★★★★☆

beaconsmind

28.59%

133.36%

★★★★★★

Pherecydes Pharma Société anonyme

63.30%

78.85%

★★★★★☆

Click here to see the full list of 41 stocks from our Euronext Paris High Growth Tech and AI Stocks screener.

We'll examine a selection from our screener results.

OVH Groupe

Simply Wall St Growth Rating: ★★★★☆☆

Overview: OVH Groupe S.A. is a global provider of public and private cloud services, shared hosting, and dedicated server solutions with a market cap of approximately €1.29 billion.

Operations: OVH Groupe S.A. generates revenue primarily through its Public Cloud (€169.01 million), Private Cloud (€589.61 million), and Web cloud & Other (€185.43 million) segments. The company operates globally, offering a range of cloud services and dedicated server solutions to various clients.

OVH Groupe, navigating the dynamic tech landscape in France, showcases a nuanced growth trajectory with its revenue expected to expand by 9.7% annually, outpacing the French market's average of 5.7%. Despite current unprofitability, projections are optimistic as earnings could surge by an impressive 101.1% per year. The firm's commitment to innovation is evident in its R&D spending trends which significantly contribute to its developmental strategies and future prospects in the competitive tech arena. With a highly volatile share price recently, it reflects the market's reactive nature to both its fiscal dynamics and sectoral shifts. OVH’s strategic emphasis on R&D not only underscores its pursuit for advancement but also aligns with industry demands for continual evolution and adaptation.

ENXTPA:OVH Revenue and Expenses Breakdown as at Oct 2024
ENXTPA:OVH Revenue and Expenses Breakdown as at Oct 2024

Vivendi

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Vivendi SE is an entertainment, media, and communication company with operations spanning France, Europe, the Americas, Asia/Oceania, and Africa and has a market cap of approximately €10.46 billion.

Operations: Vivendi SE generates revenue primarily from its Canal+ Group (€6.20 billion), Havas Group (€2.92 billion), and Gameloft (€304 million) segments, among others. The company's cost structure varies across these diverse operations, influencing its overall financial performance.

Vivendi SE, amidst a robust French tech sector, is making significant strides with its revenue projected to increase by 9.4% annually, surpassing the national average growth of 5.7%. This surge is complemented by an anticipated earnings growth of 30.6% per year, reflecting a strong profitability outlook. The company's dedication to innovation is underscored by its R&D investments which have been pivotal in driving these financial metrics forward. Recently, Vivendi has also repurchased shares worth €184 million, signaling confidence in its future trajectory and commitment to shareholder value. Moreover, the potential listing of Groupe Canal Plus hints at strategic restructuring aimed at enhancing corporate focus and market presence.

ENXTPA:VIV Earnings and Revenue Growth as at Oct 2024
ENXTPA:VIV Earnings and Revenue Growth as at Oct 2024

VusionGroup

Simply Wall St Growth Rating: ★★★★★★

Overview: VusionGroup S.A. offers digitalization solutions for commerce across Europe, Asia, and North America and has a market cap of €2.47 billion.

Operations: VusionGroup S.A. generates revenue primarily from installing and maintaining electronic shelf labels, amounting to €830.16 million. The company operates across Europe, Asia, and North America.

VusionGroup, amidst a competitive tech landscape in France, demonstrates robust growth with its revenue expected to surge by 28.4% annually, outpacing the national tech sector's average of 5.7%. This growth is underpinned by significant R&D investments, amounting to an impressive ratio of R&D expenses to revenue which reflects the company's commitment to innovation and technological advancement. With earnings projected to grow at an annual rate of 82.3%, VusionGroup's strategic focus on expanding its digital shelf label technology through partnerships like that with Ace Hardware showcases its ability to adapt and thrive in dynamic retail environments. The recent deployment across over 5,000 Ace locations not only enhances operational efficiency but also positions VusionGroup at the forefront of retail innovation, promising continued relevance and market penetration in the evolving tech ecosystem.

ENXTPA:VU Revenue and Expenses Breakdown as at Oct 2024
ENXTPA:VU Revenue and Expenses Breakdown as at Oct 2024

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include ENXTPA:OVH ENXTPA:VIV and ENXTPA:VU.

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