Unlock stock picks and a broker-level newsfeed that powers Wall Street.

High Growth German Tech Stocks To Watch In October 2024

In This Article:

As the German economy faces a forecasted contraction and a significant drop in factory orders, the DAX index has still managed to post gains, reflecting cautious optimism amid potential ECB rate cuts. In this challenging environment, investors might find opportunities in high-growth tech stocks that demonstrate resilience and innovation, qualities that are particularly crucial given the current economic climate.

Top 10 High Growth Tech Companies In Germany

Name

Revenue Growth

Earnings Growth

Growth Rating

Formycon

32.50%

30.70%

★★★★★☆

Ströer SE KGaA

7.50%

29.71%

★★★★★☆

Stemmer Imaging

13.34%

23.20%

★★★★★☆

Exasol

14.66%

117.10%

★★★★★☆

ParTec

41.16%

63.31%

★★★★★★

cyan

28.13%

71.37%

★★★★★☆

medondo holding

35.61%

82.66%

★★★★★☆

Northern Data

32.53%

68.17%

★★★★★☆

Rubean

55.25%

67.67%

★★★★★☆

Pantaflix

20.93%

113.65%

★★★★★☆

Click here to see the full list of 41 stocks from our German High Growth Tech and AI Stocks screener.

Here we highlight a subset of our preferred stocks from the screener.

ParTec

Simply Wall St Growth Rating: ★★★★★★

Overview: ParTec AG specializes in the development, manufacturing, and supply of supercomputer and quantum computer solutions with a market capitalization of €572 million.

Operations: ParTec AG focuses on creating advanced computing solutions, including supercomputers and quantum computers. The company leverages its expertise in high-performance technology to cater to a niche market, contributing to its valuation of €572 million.

ParTec AG, amid its recent presentations at high-profile tech conferences, illustrates a robust trajectory in the tech sector. With revenue growth forecasted at 41.2% annually, it notably outpaces the German market's average of 5.5%. This surge is mirrored in its earnings projections, expected to increase by 63.3% per year. Despite current unprofitability, ParTec's aggressive R&D spending aligns with these growth figures, underscoring a commitment to innovation and market expansion that could redefine its future profitability and industry standing.

DB:JY0 Revenue and Expenses Breakdown as at Oct 2024
DB:JY0 Revenue and Expenses Breakdown as at Oct 2024

adesso

Simply Wall St Growth Rating: ★★★★☆☆

Overview: adesso SE, along with its subsidiaries, offers IT services across Germany, Austria, Switzerland, and internationally, with a market capitalization of approximately €504.67 million.

Operations: The company generates revenue primarily from IT services (€1.39 billion) and IT solutions (€128.12 million). The business model focuses on providing comprehensive IT solutions across various regions, with a significant portion of revenue derived from its core service offerings.