As Germany’s DAX index reaches new peaks and inflation nears the European Central Bank’s target, the market sentiment remains cautiously optimistic. In this environment, identifying high-growth tech stocks like Northern Data becomes crucial for investors seeking opportunities in a dynamic sector driven by innovation and robust economic indicators.
Top 10 High Growth Tech Companies In Germany
|
Name |
Revenue Growth |
Earnings Growth |
Growth Rating |
|---|---|---|---|
|
Formycon |
31.78% |
30.52% |
★★★★★☆ |
|
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 |
59.40% |
73.87% |
★★★★★☆ |
|
asknet Solutions |
20.06% |
74.86% |
★★★★★☆ |
Here we highlight a subset of our preferred stocks from the screener.
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 €1.59 billion.
Operations: Northern Data AG generates revenue primarily from Peak Mining (€156.13M), Taiga Cloud (€22.13M), and Ardent Data Centers (€31.46M). The company also includes contributions from Other Companies and Group Functions (€46.31M) while facing a consolidation adjustment of -€178.50M.
Northern Data, a significant player in the AI and cloud computing sectors, is forecasted to achieve a remarkable 32.5% annual revenue growth, outpacing the German market’s 5.5%. The company reaffirmed its financial guidance for 2024 with expected revenues between €200 million and €240 million, marking an impressive increase from previous years. Despite a net loss of €151.06 million in 2023, Northern Data’s aggressive R&D investments are poised to drive future profitability and innovation within its Taiga cloud computing and Ardent data center segments.
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 with a market cap of €238.44 million.
Operations: The company generates revenue primarily through its CORE and LOB segments, with CORE contributing €442.47 million and LOB adding €77.01 million. The business focuses on providing software solutions for major platforms like SAP, Microsoft, and IBM across multiple countries including Germany, Switzerland, Austria, Poland, and Luxembourg.
All for One Group has demonstrated robust growth, with earnings rising by 59.6% over the past year and an anticipated annual profit increase of 24.6%. The company’s revenue is forecast to grow at 6.4% annually, outpacing the broader German market’s 5.5%. Recent buybacks include repurchasing 2,774 shares for €0.2 million between April and June 2024, totaling €3.7 million since October 2022. Notably, R&D expenses have been strategically directed towards enhancing their software solutions portfolio, driving future innovation and competitiveness in the tech sector.
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Verve Group SE operates a software platform for the automated buying and selling of digital advertising space in North America and Europe, with a market cap of €612.19 million.
Operations: Verve Group SE generates revenue primarily through its Supply Side Platforms (SSP) and Demand Side Platforms (DSP), with SSP contributing €341.35 million and DSP €57.59 million. The company focuses on the automated buying and selling of digital advertising space in North America and Europe.
Verve Group SE has shown significant growth, with second-quarter sales reaching €102.82 million, up from €82.56 million a year ago, and net income rising to €6.26 million from €1.74 million. The company increased its 2024 revenue guidance to between €400 million and €420 million. R&D expenses have played a crucial role in driving this growth, with strategic investments enhancing their software solutions portfolio and fostering innovation within the tech sector.
Key Takeaways
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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:A1OS and XTRA:M8G.
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