High Growth Tech Stocks in Germany to Watch September 2024

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As the European markets navigate a cautious outlook on monetary policy following the U.S. Federal Reserve's recent rate cut, Germany's DAX index has shown modest gains, reflecting a resilient yet careful investor sentiment. In this environment, identifying high-growth tech stocks becomes crucial as they often exhibit strong fundamentals and innovative potential that can thrive even amid broader market uncertainties.

Top 10 High Growth Tech Companies In Germany

Name

Revenue Growth

Earnings Growth

Growth Rating

Formycon

31.78%

30.52%

★★★★★☆

Ströer SE KGaA

7.39%

29.88%

★★★★★☆

Stemmer Imaging

13.34%

23.20%

★★★★★☆

Exasol

14.66%

117.10%

★★★★★☆

ParTec

41.16%

63.31%

★★★★★★

medondo holding

35.61%

82.66%

★★★★★☆

Northern Data

32.53%

68.17%

★★★★★☆

cyan

27.51%

67.79%

★★★★★☆

Rubean

55.25%

67.67%

★★★★★☆

GK Software

8.70%

33.04%

★★★★☆☆

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

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

adesso

Simply Wall St Growth Rating: ★★★★☆☆

Overview: adesso SE, along with its subsidiaries, offers IT services in Germany, Austria, Switzerland, and internationally with a market cap of €417.95 million.

Operations: The company generates revenue primarily from IT-Services (€1.39 billion) and IT-Solutions (€128.12 million), with notable deductions for Consolidation (-€267.88 million) and Reconciliation (-€20.92 million).

Adesso SE, amidst a challenging market, reported a significant sales increase to €633.47 million from €548.19 million year-over-year, highlighting its resilience and potential for growth in the tech sector. Despite this revenue rise, the company faced a deepening net loss of €9.86 million, up from €5.89 million previously, reflecting ongoing investments and possibly high R&D expenditures aimed at future profitability. With expected revenue growth outpacing the German market at 11.7% annually compared to 5.5%, Adesso is strategically positioning itself within high-demand tech segments; however, it must navigate its current unprofitability and optimize operations to harness full growth potential and improve its financial footing.

XTRA:ADN1 Earnings and Revenue Growth as at Sep 2024
XTRA:ADN1 Earnings and Revenue Growth as at Sep 2024

SAP

Simply Wall St Growth Rating: ★★★★☆☆

Overview: SAP SE, along with its subsidiaries, delivers applications, technology, and services on a global scale and has a market cap of €234.77 billion.

Operations: Generating €32.54 billion in revenue, SAP SE focuses on applications, technology, and services. The company operates globally through its subsidiaries.

SAP SE, a stalwart in the tech industry, continues to innovate and expand its influence. Recently, the company has been active in conferences and filed a significant shelf registration of $60.93 million for ESOP-related offerings, indicating a robust investment in its workforce. Notably, SAP's R&D expenses reflect a commitment to innovation with an impressive allocation that underscores its strategic focus on developing cutting-edge solutions; last year alone, R&D spending accounted for 14% of total revenue. This investment supports SAP's anticipated revenue growth of 9.8% per year and an exceptional profit growth forecast of 37.9%, signaling strong future prospects despite current market challenges.

XTRA:SAP Revenue and Expenses Breakdown as at Sep 2024
XTRA:SAP Revenue and Expenses Breakdown as at Sep 2024

Ströer SE KGaA

Simply Wall St Growth Rating: ★★★★★☆

Overview: Ströer SE & Co. KGaA offers out-of-home media and online advertising solutions in Germany and internationally, with a market cap of €3.17 billion.

Operations: Ströer SE & Co. KGaA generates revenue primarily from its Out-Of-Home Media (€922.53 million), Digital & Dialog Media (€862.76 million), and Daas & E-Commerce (€357.19 million) segments. The company's business model focuses on providing diverse advertising solutions across multiple platforms in Germany and internationally, leveraging both traditional and digital media channels.

Ströer SE & Co. KGaA, amidst a flurry of conference presentations, has demonstrated robust financial health and strategic positioning within Germany's tech landscape. In recent earnings reports, the company showcased a significant sales increase to €964.96 million from the previous year’s €864.71 million, underpinned by a notable rise in net income to €33.75 million. These figures are pivotal as they reflect a revenue growth forecast of 7.4% per year, outpacing the German market average of 5.5%. Furthermore, Ströer is poised for substantial earnings growth at an anticipated rate of 29.9% annually, signaling strong future prospects in high-growth sectors driven by strategic R&D investments which align with industry shifts towards digital and targeted advertising solutions.

XTRA:SAX Earnings and Revenue Growth as at Sep 2024
XTRA:SAX Earnings and Revenue Growth 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.

Companies discussed in this article include XTRA:ADN1 XTRA:SAP and XTRA:SAX.

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