Stock Analysis

Exploring Three High Growth Tech Stocks In France

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As European inflation nears the central bank's target, the pan-European STOXX Europe 600 Index has reached record highs, with France's CAC 40 Index showing solid gains. This favorable economic environment sets a promising stage for high-growth tech stocks in France. When evaluating potential investments in this sector, it's important to consider companies that demonstrate strong innovation and adaptability to market conditions.

Top 10 High Growth Tech Companies In France

NameRevenue GrowthEarnings GrowthGrowth Rating
Icape Holding16.18%35.08%★★★★★☆
Cogelec11.32%24.06%★★★★★☆
VusionGroup21.32%25.74%★★★★★★
Munic26.68%149.17%★★★★★☆
Oncodesign Société Anonyme14.68%101.18%★★★★★☆
Adocia59.08%63.00%★★★★★★
Valneva24.22%28.34%★★★★★☆
Pherecydes Pharma Société anonyme63.30%78.85%★★★★★☆
OSE Immunotherapeutics30.02%5.91%★★★★★☆
beaconsmind31.75%106.73%★★★★★★

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

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

Bolloré (ENXTPA:BOL)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Bolloré SE operates in transportation and logistics, communications, and industry sectors across multiple continents including Europe, the Americas, Asia, Oceania, and Africa with a market cap of €16.29 billion.

Operations: Bolloré SE generates revenue primarily from its communications segment (€14.87 billion) and Bollore Energy (€2.75 billion), with additional contributions from its industry sector (€352.70 million). The company's diverse operations span across multiple continents, including Europe, the Americas, Asia, Oceania, and Africa.

Bolloré's recent earnings report highlights a remarkable sales increase to €10.59 billion from €6.23 billion, while net income surged to €3.76 billion from €114 million year-over-year, reflecting strong performance in its entertainment segment. The company's R&D expenses have been strategically allocated, contributing to its projected annual earnings growth of 32.8%, outpacing the French market's 12.2%. With revenue forecasted to grow at 8.3% annually and a consistent interim dividend of €0.02 per share, Bolloré demonstrates robust financial health and promising future prospects in the tech sector.

ENXTPA:BOL Earnings and Revenue Growth as at Sep 2024
ENXTPA:BOL Earnings and Revenue Growth as at Sep 2024

Vivendi (ENXTPA:VIV)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Vivendi SE operates as an entertainment, media, and communication company across multiple continents including Europe, the Americas, Asia/Oceania, and Africa with a market cap of €10.23 billion.

Operations: Vivendi SE generates revenue primarily through its Canal+ Group (€6.20 billion) and Havas Group (€2.92 billion), with additional contributions from Gameloft (€304 million) and Prisma Media (€303 million). The company's diverse portfolio spans entertainment, media, and communication sectors across multiple continents.

Vivendi's recent half-year earnings report revealed sales of €9.05 billion, nearly doubling from €4.70 billion a year ago, though net income slightly dipped to €159 million from €174 million. The company repurchased 18.42 million shares for €184 million this year, reflecting strong capital management strategies. With R&D expenses contributing to its projected annual earnings growth of 30.6%, Vivendi is poised for a significant boost in profitability compared to the broader French market's 12.2% growth forecast.

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

VusionGroup (ENXTPA:VU)

Simply Wall St Growth Rating: ★★★★★★

Overview: VusionGroup S.A. offers digitalization solutions for commerce across Europe, Asia, and North America with a market cap of approximately €2.27 billion.

Operations: VusionGroup S.A. specializes in providing digitalization solutions for commerce, focusing on installing and maintaining electronic shelf labels, generating approximately €801.96 million in revenue. The company operates across Europe, Asia, and North America with a market cap of around €2.27 billion.

VusionGroup's recent partnership with Ace Hardware to deploy advanced digital shelf label (DSL) technology across over 5,000 stores highlights its innovative edge in the DIY retail sector. With a forecasted revenue growth of 21.3% annually and earnings expected to rise by 25.7% per year, VusionGroup is positioned for robust expansion. The company's R&D expenses, which have historically been substantial, continue to drive technological advancements like the VusionCloud platform and BLE IoT operating system, enhancing operational efficiencies and customer experience significantly.

ENXTPA:VU Revenue and Expenses Breakdown as at Sep 2024
ENXTPA:VU Revenue and Expenses Breakdown as at Sep 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.

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