High Growth Tech Stocks In France To Watch This September 2024

In September 2024, the French market has shown resilience with the CAC 40 Index gaining 1.54%, buoyed by an interest rate cut from the European Central Bank amid signs of weakening economic growth and slowing inflation in the eurozone. As investors navigate these dynamic conditions, high-growth tech stocks stand out for their potential to capitalize on technological advancements and robust market demand.

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%	★★★★★☆
Valneva	24.22%	28.39%	★★★★★☆
Munic	26.68%	149.10%	★★★★★☆
VusionGroup	23.51%	81.97%	★★★★★★
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 45 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 France, Europe, the Americas, Asia, Oceania, and Africa with a market cap of €16.95 billion.

Operations: The company generates revenue primarily from its communications segment (€14.86 billion), followed by Bollore Energy (€2.75 billion) and industry activities (€353 million). Net profit margin stands at 7%.

Bolloré has shown remarkable growth, with a 70% increase in sales to €10.59 billion for the first half of 2024 compared to €6.23 billion last year. Net income surged to €3.76 billion from just €114 million, indicating robust profitability improvements. The company's earnings are forecasted to grow at an impressive rate of 32.7% annually, outpacing the French market's expected growth of 12.4%. Despite a relatively low future return on equity at 4.9%, Bolloré’s strategic investments in R&D and high-quality earnings position it well for sustained performance.

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

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

Sword Group (ENXTPA:SWP)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Sword Group S.E. provides IT and software solutions worldwide and has a market cap of €339.41 million.

Operations: Sword Group S.E. generates revenue primarily from IT and software services across three key regions: Belux (€104.26 million), Switzerland (€105.75 million), and the United Kingdom (€88.88 million).

Sword Group's revenue is forecasted to grow at 13.4% annually, outpacing the broader French market's 5.8% growth rate, with earnings expected to rise by 18.4% per year. In the first half of 2024, Sword reported €156.89 million in sales and a net income of €10.16 million despite a previous €12.87 million figure from last year, indicating some volatility but strong overall performance in their core segments like IT services and software solutions for high-profile clients such as Airbus and EDF. Investing heavily in R&D has been pivotal for Sword Group; they allocated approximately €15 million towards innovation this past year to enhance their SaaS offerings, ensuring recurring subscription revenue streams that bolster financial stability and growth potential amidst an evolving tech landscape.

• Unlock comprehensive insights into our analysis of Sword Group stock in this health report.

• Learn about Sword Group's historical performance.

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 €2.40 billion.

Operations: VusionGroup S.A. specializes in providing digitalization solutions for the commerce sector across multiple continents, including Europe, Asia, and North America. The company has a market capitalization of €2.40 billion.

VusionGroup's recent partnership with Ace Hardware highlights its innovative digital shelf label (DSL) technology, which integrates seamlessly with VusionCloud for real-time pricing updates and operational efficiencies. Despite a net loss of €24.4 million in H1 2024, compared to a net income of €91.5 million last year, the company’s revenue grew to €408.9 million from €380.7 million year-over-year. With an impressive forecasted revenue growth rate of 23.5% annually and significant investment in R&D at 82% of sales, VusionGroup is well-positioned to leverage its advanced IoT solutions for future profitability and market expansion.

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

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

Where To Now?

• Navigate through the entire inventory of 45 Euronext Paris High Growth Tech and AI Stocks here.
• 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.
• Simply Wall St is your key to unlocking global market trends, a free user-friendly app for forward-thinking investors.

Interested In Other Possibilities?

• 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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