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High Growth Tech Stocks in France to Watch This August 2024

In This Article:

As the European economy sees a boost from the Paris Olympics and hopes rise for potential interest rate cuts by the European Central Bank, France's stock market has been experiencing notable gains, with the CAC 40 Index up 1.71% in August. In this favorable environment, identifying high growth tech stocks becomes crucial for investors looking to capitalize on current economic conditions and market sentiment that support innovation and expansion.

Top 10 High Growth Tech Companies In France

Name

Revenue Growth

Earnings Growth

Growth Rating

Icape Holding

16.18%

35.08%

★★★★★☆

Cogelec

11.32%

24.06%

★★★★★☆

VusionGroup

21.32%

25.74%

★★★★★★

Munic

26.68%

149.17%

★★★★★☆

Oncodesign Société Anonyme

14.68%

101.18%

★★★★★☆

Adocia

59.08%

63.00%

★★★★★★

Valneva

24.22%

28.34%

★★★★★☆

Pherecydes Pharma Société anonyme

63.30%

78.85%

★★★★★☆

OSE Immunotherapeutics

30.02%

5.91%

★★★★★☆

beaconsmind

31.75%

106.73%

★★★★★★

Click here to see the full list of 44 stocks from our Euronext Paris High Growth Tech and AI Stocks screener.

We're going to check out a few of the best picks from our screener tool.

Bolloré

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 €16.28 billion.

Operations: With a market cap of €16.28 billion, Bolloré SE generates significant revenue from its communications segment (€14.87 billion) and Bollore Energy (€2.75 billion), alongside contributions from its industry business (€352.70 million).

Bolloré's revenue is forecast to grow at 8.3% annually, outpacing the French market's 5.8% rate, while earnings are expected to surge by 32.8% per year, significantly above the market average of 12.2%. The company's recent half-year sales reached €10.59 billion, a substantial increase from last year's €6.23 billion, with net income soaring to €3.76 billion from €114 million previously. Bolloré has also invested heavily in R&D, spending approximately €500 million last year to drive innovation and maintain its competitive edge in the tech sector.

ENXTPA:BOL Earnings and Revenue Growth as at Aug 2024
ENXTPA:BOL Earnings and Revenue Growth as at Aug 2024

Vivendi

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Vivendi SE is a global entertainment, media, and communication company with operations spanning France, Europe, the Americas, Asia/Oceania, and Africa; it has a market cap of approximately €10.25 billion.

Operations: Vivendi SE generates revenue primarily through its Canal+ Group (€6.20 billion) and Havas Group (€2.92 billion), with additional contributions from Gameloft (€304 million) and Prisma Media (€303 million). The company also invests in new initiatives and smaller ventures like Vivendi Village.