European Tech Stocks That Could Benefit From Tougher EU Rules On Google

The European Commission’s latest move against Google under the Digital Markets Act puts fresh attention on large European tech stocks that may gain profile, users or pricing power as regulatory pressure on Big Tech grows. For investors, the story is less about Google and more about how stricter rules on search, app stores and digital services could shift parts of the competitive field. This article looks at 3 European Tech Competitors from our screener that appear positively exposed to this news and explains how the regulatory backdrop might matter for their long term investment case.

Allegro.eu (WSE:ALE)

Overview: Allegro.eu runs one of Central and Eastern Europe’s largest e commerce ecosystems, anchored by the Allegro.pl marketplace in Poland, connecting consumers and businesses across multiple categories while also offering payments, delivery logistics, consumer lending and advertising services. Its portfolio also includes the Ceneo price comparison site and the eBilet ticketing platform, giving it several touchpoints across the online shopping journey.

Operations: Allegro.eu reports PLN 11.4b in Segment Adjustment revenue alongside PLN 556.1m from Allegro International, with smaller eliminations between segments.

Market Cap: PLN 45.1b

Allegro.eu stands out in this European Tech Competitors screener because it already controls a broad e commerce and search ecosystem in Poland. Tougher EU rules on how Google treats rivals could help its own search portal and merchant traffic gain visibility with fewer competitive constraints. The company is focusing on higher margin advertising and financial services such as Allegro Pay, supported by improving profitability and high quality earnings. At the same time, rising logistics investment, new regulations and aggressive entrants like TEMU keep pressure on costs and customer loyalty. For investors, the mix of scale, profitability and regulatory tailwinds makes Allegro.eu a company to watch closely as this story unfolds.

Allegro.eu’s push into higher margin advertising, payments and lending is only half the story. The other half sits in the detailed analysis report for Allegro.eu and may change how you see its regulatory upside.

2CRSI (ENXTPA:AL2SI)

Overview: 2CRSI builds high performance computing hardware and solutions, supplying servers, workstations and cooling systems tailored for AI, cloud, data science and edge computing workloads to customers in France and abroad.

Operations: 2CRSI generates all reported revenue from €405.2m in sales of components and finished products.

Market Cap: €602.4m

2CRSI is firmly tied into the AI and high performance computing build out in Europe, with recent contracts for advanced GPU based servers and plans for large scale AI campuses in Strasbourg that, if executed well, could anchor long term demand for its hardware. The company operates with thin 2% margins and high share price volatility, and relies entirely on external funding, which raises financing risk. With EU regulators increasing scrutiny of Big Tech app ecosystems, any shift in demand toward independent infrastructure suppliers could be significant for a smaller specialist like 2CRSI, and the full story goes well beyond what headline P/E multiples suggest.

2CRSI’s thin 2% margins and volatile share price may be masking a bigger story around its AI server pipeline and funding runway, and the full 3 key rewards and 2 important warning signs (1 is major!) might reveal what could tip the balance next

Boozt (OM:BOOZT)

Overview: Boozt is an online retailer headquartered in Copenhagen that runs Boozt.com, a multi brand fashion, beauty, sports and home webstore, and Booztlet.com, an outlet channel and physical stores used to clear inventory across the Nordics and wider Europe.

Operations: Boozt generates SEK 6.7b in revenue from Boozt.com and SEK 1.6b from Booztlet.com, with additional detail by region showing exposure across Sweden, Denmark, the rest of the Nordics and broader Europe.

Market Cap: SEK 9.4b

Boozt provides access to a scaled Nordic e commerce platform that is investing heavily in logistics, automation and AI to support margins while competing directly with global online retailers. The core Boozt.com business and higher margin exclusive brands are central to the company, but the fast growing, discount driven Booztlet outlet introduces a clear tension between volume and profitability. In addition, buybacks have already retired more than 7% of shares, the company reports what it characterizes as high quality earnings, there has been a recent board refreshment, and there are some pressure points such as insider selling and reliance on external funding. Taken together, Boozt represents a complex way to gain exposure to potential benefits from tougher rules on Big Tech shopping services and a more level playing field for regional platforms.

Boozt’s mix of automation, AI and buybacks hints at a story the market may not fully be pricing in yet, and the full full narrative for Boozt could change how you weigh its outlet driven risk

The three stocks here are only a starting point. The full European Tech Competitors screener surfaces 23 more companies with equally compelling narratives that you have not seen yet in this article. Use Simply Wall St to identify and analyze the specific catalysts and stories that matter to you across the full European Tech Competitors screener.

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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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