Adesso SE, navigating through a challenging landscape with a net loss of €9.86 million for the first half of 2024, still shows potential in the high-tech sector in Germany. Its sales growth to €633.47 million from €548.19 million indicates resilience and an ability to expand revenue by 11.7% year-on-year despite broader market uncertainties. Significantly, the firm's commitment to innovation is evident from its R&D spending which has surged by 46.4%, positioning it well for future technology developments and market demands. This strategic focus on research could drive long-term competitiveness and recovery in its financial performance.

• Get an in-depth perspective on adesso's performance by reading our health report here.

• Learn about adesso's historical performance.

Formycon

Simply Wall St Growth Rating: ★★★★★☆

Overview: Formycon AG, a biotechnology company, focuses on developing biosimilar drugs in Germany and Switzerland with a market cap of €914.63 million.

Operations: Formycon AG specializes in the development of biosimilar drugs, generating €60.80 million from its Drug Delivery Systems segment. The company operates primarily in Germany and Switzerland.

Formycon AG, despite a challenging half-year with revenues dropping to €26.89 million from €43.79 million and a shift to a net loss of €10.09 million, remains pivotal in the biotech landscape due to its strategic R&D investments and recent FDA approval of Otulfi (ustekinumab-aauz). This approval marks significant progress in its partnership with Fresenius Kabi, enhancing its presence in the U.S. market. With an expected revenue growth rate of 32.5% per year and earnings forecasted to surge by 30.7% annually, Formycon's focus on expanding its biosimilar portfolio could reshape its financial trajectory despite current setbacks.

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

• Understand Formycon's track record by examining our Past report.

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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 DB:NB2 XTRA:ADN1 and XTRA:FYB.

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