High Growth Tech Stocks in France to Watch This September 2024

As the European markets face renewed fears about global economic growth, with France’s CAC 40 Index dropping 3.65% recently, investors are keenly watching high-growth tech stocks for potential opportunities. In this environment, a good stock often demonstrates strong fundamentals and innovative capabilities that can withstand broader market volatility and economic downturns.

Top 10 High Growth Tech Companies In France

Name	Revenue Growth	Earnings Growth	Growth Rating
Icape Holding	12.59%	27.33%	★★★★★☆
Cogelec	11.33%	23.96%	★★★★★☆
VusionGroup	21.32%	25.74%	★★★★★★
Valneva	24.22%	28.34%	★★★★★☆
Munic	26.68%	149.10%	★★★★★☆
Adocia	59.08%	63.00%	★★★★★★
Oncodesign Société Anonyme	14.68%	101.18%	★★★★★☆
beaconsmind	28.59%	133.36%	★★★★★★
Pherecydes Pharma Société anonyme	63.30%	78.85%	★★★★★☆
OSE Immunotherapeutics	30.02%	5.91%	★★★★★☆

Click here to see the full list of 46 stocks from our Euronext Paris High Growth Tech and AI Stocks screener.

Let's uncover some gems from our specialized 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 €16.17 billion.

Operations: The company generates revenue primarily from its communications segment (€14.86 billion) and Bollore Energy (€2.75 billion), with additional contributions from its industry sector (€353 million). The net profit margin for the latest period stands at X%.

Bolloré's recent performance reflects substantial growth, with half-year sales reaching €10.59 billion, up from €6.23 billion last year, and net income soaring to €3.76 billion from €114 million. The company forecasts earnings growth of 32.7% annually over the next three years, outpacing the French market's 12.3%. Despite a forecasted revenue increase of 8.3% per year, Bolloré’s R&D expenses remain significant at around 4% of revenue, indicating a strong commitment to innovation in its tech and software segments.

• Click here to discover the nuances of Bolloré with our detailed analytical health report.

• Understand Bolloré's track record by examining our Past report.

OVH Groupe (ENXTPA:OVH)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: OVH Groupe S.A. offers a range of cloud services including public and private cloud, shared hosting, and dedicated server solutions globally, with a market cap of €1.16 billion.

Operations: OVH Groupe S.A. generates revenue primarily from three segments: Public Cloud (€169.01 million), Private Cloud (€589.61 million), and Web Cloud & Other (€185.43 million). The company's diverse product offerings cater to a global market, leveraging its extensive cloud infrastructure capabilities.

OVH Groupe's forecasted revenue growth of 9.7% annually outpaces the French market's 5.7%, yet it remains unprofitable, complicating comparisons with the IT sector’s -7.7% earnings trend. The company’s R&D expenses are significant, reflecting a strong commitment to innovation in its tech and software segments, with recent advancements like the ADV-Gen3 Bare Metal servers powered by AMD EPYC 4004 processors enhancing performance and sustainability. Earnings are projected to grow at an impressive rate of 101.1% per year, indicating robust future potential despite current profitability challenges.

• Click to explore a detailed breakdown of our findings in OVH Groupe's health report.

• Gain insights into OVH Groupe's historical performance by reviewing our past performance report.

VusionGroup (ENXTPA:VU)

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 €2.41 billion.

Operations: VusionGroup S.A. generates revenue primarily from installing and maintaining electronic shelf labels, amounting to €801.96 million. The company operates across Europe, Asia, and North America.

VusionGroup's revenue is forecasted to grow at an impressive 21.3% annually, significantly outpacing the French market's 5.7% growth rate. The company’s earnings are also expected to rise by 25.7% per year, showcasing robust potential compared to the broader market's 12.3%. VusionGroup has made substantial investments in R&D, with recent expenditures amounting to €45 million, underscoring its commitment to innovation in digital shelf label technology and IoT solutions like VusionOX and VusionCloud. Their partnership with Ace Hardware further highlights their technological prowess and strategic expansion in the retail sector.

• Get an in-depth perspective on VusionGroup's performance by reading our health report here.

• Evaluate VusionGroup's historical performance by accessing our past performance report.

Where To Now?

• Unlock more gems! Our Euronext Paris High Growth Tech and AI Stocks screener has unearthed 43 more companies for you to explore.Click here to unveil our expertly curated list of 46 Euronext Paris High Growth Tech and AI Stocks.
• Are you invested in these stocks already? Keep abreast of every twist and turn by setting up a portfolio with Simply Wall St, where we make it simple for investors like you to stay informed and proactive.
• Simply Wall St is your key to unlocking global market trends, a free user-friendly app for forward-thinking investors.

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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