High Growth Tech Stocks To Watch In Germany August 2024

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As the European market experiences a boost from growing hopes of interest rate cuts by the ECB, Germany's DAX has shown notable gains, reflecting positive sentiment among investors. In this environment, identifying high-growth tech stocks becomes crucial as these companies are often well-positioned to capitalize on favorable economic conditions and investor optimism.

Top 10 High Growth Tech Companies In Germany

Name

Revenue Growth

Earnings Growth

Growth Rating

Ströer SE KGaA

7.39%

29.86%

★★★★★☆

Stemmer Imaging

13.34%

23.20%

★★★★★☆

Exasol

14.66%

117.10%

★★★★★☆

NAGA Group

25.85%

78.32%

★★★★★☆

medondo holding

34.52%

71.99%

★★★★★☆

ParTec

41.16%

63.31%

★★★★★★

Northern Data

32.53%

68.17%

★★★★★☆

cyan

27.51%

67.79%

★★★★★☆

Rubean

59.40%

73.87%

★★★★★☆

asknet Solutions

20.06%

74.86%

★★★★★☆

Click here to see the full list of 48 stocks from our German High Growth Tech and AI Stocks screener.

We'll examine a selection from our screener results.

Northern Data

Simply Wall St Growth Rating: ★★★★★☆

Overview: Northern Data AG develops and operates high-performance computing (HPC) infrastructure solutions for businesses and research institutions worldwide, with a market cap of €1.56 billion.

Operations: Northern Data AG generates revenue primarily from its Peak Mining (€156.13 million), Taiga Cloud (€22.13 million), and Ardent Data Centers (€31.46 million) segments, while the Consolidation segment shows a negative contribution (-€178.50 million). The company focuses on providing high-performance computing infrastructure solutions globally.

Northern Data AG has shown significant potential in the tech sector, particularly with its AI and cloud computing segments. The company reaffirmed its fiscal year 2024 revenue guidance, targeting €200 million to €240 million, a substantial increase from previous years. Notably, R&D expenses have been pivotal; the company invested heavily in innovation, contributing to a forecasted annual revenue growth of 32.5%. Additionally, Northern Data's earnings are expected to grow by 68.2% annually over the next few years, highlighting robust future prospects despite recent financial challenges.

DB:NB2 Earnings and Revenue Growth as at Aug 2024
DB:NB2 Earnings and Revenue Growth as at Aug 2024

All for One Group

Simply Wall St Growth Rating: ★★★★☆☆

Overview: All for One Group SE, along with its subsidiaries, offers business software solutions for SAP, Microsoft, and IBM across Germany, Switzerland, Austria, Poland, Luxembourg, and internationally; it has a market cap of €227.69 million.