High Growth Tech Stocks In Germany To Watch This August 2024

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The German market has shown resilience, with the DAX climbing 3.38% amid growing hopes for interest rate cuts and a stable economic outlook. As we move into August 2024, it’s an opportune time to watch high-growth tech stocks in Germany, especially those that can leverage favorable market conditions and robust economic indicators.

Top 10 High Growth Tech Companies In Germany

Name

Revenue Growth

Earnings Growth

Growth Rating

Allgeier

5.54%

34.27%

★★★★★☆

Ströer SE KGaA

7.39%

29.86%

★★★★★☆

Stemmer Imaging

13.34%

23.20%

★★★★★☆

Exasol

14.66%

117.10%

★★★★★☆

ParTec

41.16%

63.31%

★★★★★★

medondo holding

34.52%

71.99%

★★★★★☆

Northern Data

32.53%

68.17%

★★★★★☆

cyan

27.51%

67.79%

★★★★★☆

Rubean

43.51%

73.87%

★★★★★☆

asknet Solutions

20.06%

74.86%

★★★★★☆

Click here to see the full list of 47 stocks from our German High Growth Tech and AI Stocks screener.

Let's dive into some prime choices out of from the screener.

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 cap of €468.81 million.

Operations: The company generates revenue primarily from IT services (€1.39 billion) and IT solutions (€128.12 million). The business operates across multiple regions, including Germany, Austria, Switzerland, and internationally.

adesso SE, a prominent player in Germany's tech sector, reported half-year sales of €633.47 million, reflecting an increase from €548.19 million the previous year. Despite this growth, net losses widened to €9.86 million from €5.89 million. The company is investing heavily in R&D with expenses accounting for 11.8% of its revenue, which is expected to drive future innovations and profitability as earnings are forecasted to grow by 45.61% annually over the next three years. The software segment stands out with significant contributions to revenue and potential for future impact due to increasing adoption of SaaS models ensuring recurring income streams from subscriptions. The company's strategic focus on high-profile clients like TSMC positions it well within the competitive landscape despite current financial challenges such as interest payments not being well covered by earnings.

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

Adtran Networks

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Adtran Networks SE develops, manufactures, and sells optical and Ethernet-based networking solutions for telecommunications carriers and enterprises to deliver data, storage, voice, and video services with a market cap of €999.45 million.