Stock Analysis

High Growth Tech Stocks in France to Watch September 2024

ENXTPA:VU
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As global markets experience shifts, the European Central Bank's recent rate cut has provided a boost to indices like France's CAC 40, which saw a gain of 1.54%. With this backdrop of economic adjustments and market rebounds, identifying high-growth tech stocks in France becomes crucial for investors looking to capitalize on emerging opportunities.

Top 10 High Growth Tech Companies In France

NameRevenue GrowthEarnings GrowthGrowth Rating
Icape Holding14.08%28.13%★★★★★☆
Cogelec11.33%23.96%★★★★★☆
Valneva24.32%26.95%★★★★★☆
Munic26.68%149.10%★★★★★☆
VusionGroup28.35%82.32%★★★★★★
Adocia59.08%63.00%★★★★★★
Oncodesign Société Anonyme14.68%101.18%★★★★★☆
beaconsmind28.59%133.36%★★★★★★
Pherecydes Pharma Société anonyme63.30%78.85%★★★★★☆
OSE Immunotherapeutics30.02%5.91%★★★★★☆

Click here to see the full list of 42 stocks from our Euronext Paris High Growth Tech and AI Stocks screener.

Underneath we present a selection of stocks filtered out by our screen.

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 €16.77 billion.

Operations: The company generates revenue primarily from its communications segment (€14.86 billion), followed by Bollore Energy (€2.75 billion) and industry (€353 million). The communications segment is the largest contributor to its revenue model.

Bolloré SE reported a significant increase in sales, reaching €10.59 billion for the first half of 2024, compared to €6.23 billion a year ago. The company's net income surged to €3.76 billion from €114 million, reflecting robust operational performance. Earnings are forecasted to grow at 32.7% annually, outpacing the French market's 12.3%. Despite an expected revenue growth rate of 8.3%, which is slower than some tech peers, Bolloré’s commitment to innovation is evident with substantial R&D investments supporting future advancements and profitability.

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

Vivendi (ENXTPA:VIV)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Vivendi SE is a global entertainment, media, and communication company operating across multiple continents with a market cap of €10.21 billion.

Operations: Vivendi SE generates revenue primarily from its Canal+ Group (€6.20 billion), Havas Group (€2.92 billion), and Gameloft (€304 million) segments, complemented by Prisma Media and Vivendi Village. The company's diverse operations span entertainment, media, and communication across multiple continents.

Vivendi's recent performance showcases a significant leap in sales, reaching €9.05 billion for H1 2024, up from €4.70 billion the previous year. Despite a slight drop in net income to €159 million from €174 million, the company's earnings are projected to grow at an impressive 30.6% annually, outpacing the French market's 12.3%. Vivendi has also been active in share repurchases, buying back 15.42 million shares for €155 million this year alone. The Canal+ spinoff could further streamline operations and unlock value for shareholders.

ENXTPA:VIV Revenue and Expenses Breakdown as at Sep 2024
ENXTPA:VIV Revenue and Expenses Breakdown 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 €2.41 billion.

Operations: VusionGroup S.A. specializes in digitalization solutions for commerce, operating across Europe, Asia, and North America. The company generates revenue primarily through the sale of its digitalization products and services to retailers and other commercial entities.

VusionGroup's revenue is forecasted to grow at an impressive 28.4% annually, significantly outpacing the French market's 5.8%. Despite a net loss of €24.4 million for H1 2024, the company remains committed to innovation with R&D expenses accounting for a substantial portion of its budget. The recent partnership with Ace Hardware to implement digital shelf label technology highlights VusionGroup’s technological prowess and potential for operational efficiency improvements in retail environments, enhancing both customer experience and store performance.

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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