Home » High Growth Tech Stocks in Switzerland for October 2024

High Growth Tech Stocks in Switzerland for October 2024

High Growth Tech Stocks in Switzerland for October 2024

The Swiss market recently demonstrated resilience by rebounding from a weak start, buoyed by the European Central Bank’s interest rate cut to 3.25%, which helped lift the SMI index by 0.91% to close at 12,304.27. In this context of fluctuating economic indicators and shifting market sentiment, identifying high-growth tech stocks involves looking for companies that can leverage innovation and adaptability to thrive amid changing conditions.

Top 10 High Growth Tech Companies In Switzerland

Name Revenue Growth Earnings Growth Growth Rating
LEM Holding 8.81% 20.48% ★★★★★☆
Santhera Pharmaceuticals Holding 24.55% 35.40% ★★★★★★
ALSO Holding 12.58% 26.76% ★★★★☆☆
Temenos 7.58% 14.39% ★★★★☆☆
Comet Holding 19.66% 47.84% ★★★★★☆
SoftwareONE Holding 8.59% 52.33% ★★★★★☆
Addex Therapeutics 26.51% 33.31% ★★★★★☆
Basilea Pharmaceutica 9.24% 33.25% ★★★★★☆
Sensirion Holding 13.86% 102.68% ★★★★☆☆
MCH Group 4.41% 100.62% ★★★★☆☆

Click here to see the full list of 12 stocks from our SIX Swiss Exchange High Growth Tech and AI Stocks screener.

Underneath we present a selection of stocks filtered out by our screen.

Simply Wall St Growth Rating: ★★★★★☆

Overview: Basilea Pharmaceutica AG is a commercial-stage biopharmaceutical company specializing in developing oncology and anti-infective products, with a market cap of CHF543.03 million.

Operations: The company generates revenue primarily from the discovery, development, and commercialization of innovative pharmaceutical products, amounting to CHF149.02 million. It focuses on addressing medical needs in oncology and anti-infective therapies.

Basilea Pharmaceutica is navigating a promising trajectory with its recent strategic moves and R&D focus, particularly in the biotech sector. With an updated financial guidance projecting revenues to hit CHF 203 million and net profits at CHF 60 million for 2024, the company has shown adaptability in its operations. The European Commission’s extension of Cresemba’s indications into pediatric use coupled with an additional two-year market exclusivity underlines Basilea’s capability to leverage regulatory milestones effectively. These developments are critical as they not only enhance product lifecycle but also secure future revenue streams, evidenced by a forecasted annual revenue growth rate of 9.2%, outpacing the Swiss market average of 4.2%. Moreover, Basilea’s commitment to R&D is evident from its substantial investment in this area, which is pivotal for sustaining long-term innovation and competitiveness within the high-stakes pharmaceutical industry.

SWX:BSLN Revenue and Expenses Breakdown as at Oct 2024

Simply Wall St Growth Rating: ★★★★★☆

Overview: LEM Holding SA, along with its subsidiaries, offers solutions for measuring electrical parameters across various global regions including China, Japan, South Korea, India, Southeast Asia, Europe, the Middle East, Africa, NAFTA and Latin America and has a market capitalization of CHF1.41 billion.

Operations: LEM Holding focuses on providing electrical measurement solutions across diverse global markets. The company operates through various revenue streams, primarily driven by its innovative product offerings in the electrical parameters sector.

LEM Holding, amidst a challenging market, is steering towards robust growth with an expected revenue increase of 8.8% annually, surpassing the Swiss market’s average of 4.2%. This growth is bolstered by a significant anticipated rise in earnings by 20.5% each year, highlighting its potential to outperform broader market expectations. Despite a recent dip in net income from CHF 20.54 million to CHF 4.78 million in Q1 2024 and a highly volatile share price, LEM’s strategic focus on R&D—essential for maintaining competitive advantage in the tech sector—is evident from their ongoing investments aimed at fostering innovation and securing future growth avenues within Switzerland’s high-tech landscape.

SWX:LEHN Revenue and Expenses Breakdown as at Oct 2024
SWX:LEHN Revenue and Expenses Breakdown as at Oct 2024

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Temenos AG develops, markets, and sells integrated banking software systems to financial institutions globally, with a market cap of CHF4.64 billion.

Operations: The company generates revenue primarily through its Product segment, contributing $879.99 million, and its Services segment, adding $132.98 million.

Temenos, a Swiss-based tech firm, is poised for substantial growth with projected revenue and earnings increases of 7.6% and 14.4% per year respectively, outpacing the broader Swiss market’s expectations. The company recently bolstered its leadership by appointing Barb Morgan as Chief Product and Technology Officer, enhancing its focus on AI-driven solutions for the financial sector. This strategic move is complemented by a robust R&D commitment which significantly contributed to their operational strategy; in fact, R&D expenses have been consistently aligned with revenue growth trends in the tech industry. Additionally, Temenos has actively repurchased shares worth CHF 200 million between May and August 2024, reflecting confidence in its financial health and future prospects.

SWX:TEMN Revenue and Expenses Breakdown as at Oct 2024
SWX:TEMN Revenue and Expenses Breakdown as at Oct 2024

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.

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