High Growth Tech Stocks In Germany To Watch This August 2024

The German market has shown resilience, with the DAX climbing 3.38% amid growing hopes for interest rate cuts and a stable economic outlook. As we move into August 2024, it’s an opportune time to watch high-growth tech stocks in Germany, especially those that can leverage favorable market conditions and robust economic indicators.

Top 10 High Growth Tech Companies In Germany

Name	Revenue Growth	Earnings Growth	Growth Rating
Allgeier	5.54%	34.27%	★★★★★☆
Ströer SE KGaA	7.39%	29.86%	★★★★★☆
Stemmer Imaging	13.34%	23.20%	★★★★★☆
Exasol	14.66%	117.10%	★★★★★☆
ParTec	41.16%	63.31%	★★★★★★
medondo holding	34.52%	71.99%	★★★★★☆
Northern Data	32.53%	68.17%	★★★★★☆
cyan	27.51%	67.79%	★★★★★☆
Rubean	43.51%	73.87%	★★★★★☆
asknet Solutions	20.06%	74.86%	★★★★★☆

Click here to see the full list of 47 stocks from our German High Growth Tech and AI Stocks screener.

Let's dive into some prime choices out of from the screener.

adesso (XTRA:ADN1)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: adesso SE, along with its subsidiaries, offers IT services across Germany, Austria, Switzerland, and internationally with a market cap of €468.81 million.

Operations: The company generates revenue primarily from IT services (€1.39 billion) and IT solutions (€128.12 million). The business operates across multiple regions, including Germany, Austria, Switzerland, and internationally.

adesso SE, a prominent player in Germany's tech sector, reported half-year sales of €633.47 million, reflecting an increase from €548.19 million the previous year. Despite this growth, net losses widened to €9.86 million from €5.89 million. The company is investing heavily in R&D with expenses accounting for 11.8% of its revenue, which is expected to drive future innovations and profitability as earnings are forecasted to grow by 45.61% annually over the next three years. The software segment stands out with significant contributions to revenue and potential for future impact due to increasing adoption of SaaS models ensuring recurring income streams from subscriptions. The company's strategic focus on high-profile clients like TSMC positions it well within the competitive landscape despite current financial challenges such as interest payments not being well covered by earnings.

• Dive into the specifics of adesso here with our thorough health report.

• Explore historical data to track adesso's performance over time in our Past section.

Adtran Networks (XTRA:ADV)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Adtran Networks SE develops, manufactures, and sells optical and Ethernet-based networking solutions for telecommunications carriers and enterprises to deliver data, storage, voice, and video services with a market cap of €999.45 million.

Operations: Adtran Networks SE generates revenue primarily from the sale of optical networking equipment, amounting to €481.90 million. The company focuses on providing advanced networking solutions for telecommunications carriers and enterprises.

Adtran Networks SE's recent performance shows mixed results, with second-quarter sales dropping to €108.17 million from €170.19 million a year prior and a net loss of €0.826 million compared to last year's net income of €3.29 million. Despite these setbacks, the company is forecasted for significant earnings growth at 124% annually over the next three years, driven by robust R&D investments which accounted for 11% of revenue in 2023. The communications segment remains critical due to its potential in driving future revenue growth amidst increasing demand for advanced network solutions.

• Unlock comprehensive insights into our analysis of Adtran Networks stock in this health report.

• Review our historical performance report to gain insights into Adtran Networks''s past performance.

Basler (XTRA:BSL)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Basler Aktiengesellschaft develops, manufactures, and sells digital cameras for professional users in Germany and internationally with a market cap of €307.43 million.

Operations: The company generates revenue primarily from the sale of digital cameras, totaling €180.06 million. Its operations focus on providing high-quality imaging solutions to professional users both domestically and internationally.

Basler has seen a challenging half-year with sales dropping to €93.03 million from €116.08 million and net loss widening to €3.37 million compared to last year's €1.67 million loss, reflecting the volatile nature of high-growth tech sectors. However, the company is forecasted for significant revenue growth at 14.6% annually, outperforming the German market's 5.2%. Notably, Basler's R&D expenses have been substantial, contributing 11% of revenue in recent years, which underscores its commitment to innovation and future profitability potential.

• Take a closer look at Basler's potential here in our health report.

• Learn about Basler's historical performance.

Turning Ideas Into Actions

• Access the full spectrum of 47 German High Growth Tech and AI Stocks by clicking on this link.
• Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments.
• Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe.

Contemplating Other Strategies?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
• Find companies with promising cash flow potential yet trading below their fair value.

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.

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