Scope

Budget vs Actual vs Forecast · FY26

Land in Sicht GmbH · YTD through Aug 2026 · forecast = YTD actual + remaining budget × 0.96


Revenue	CHF 1.5M	CHF 1.5M	At risk-CHF 46K· -3.0%	CHF 2.3M	CHF 2.2M	At risk-CHF 76.7K· -3.3%
Growth %	n/a	3.8%	n/a	7.0%	3.4%	At risk-3.6pp
COGS	CHF 521.2K	CHF 505.7K	-CHF 15.6K· -3.0%	CHF 782K	CHF 756K	-CHF 26K· -3.3%
S&M	CHF 275.9K	CHF 275.8K	-CHF 180.3· -0.1%	CHF 414K	CHF 408.3K	-CHF 5.7K· -1.4%
R&D	CHF 291.3K	CHF 290.7K	-CHF 550.9· -0.2%	CHF 437K	CHF 430.6K	-CHF 6.4K· -1.5%
G&A	CHF 229.9K	CHF 230.6K	+CHF 639.4· +0.3%	CHF 345K	CHF 341K	-CHF 4K· -1.1%
OpEx (total)	CHF 797.2K	CHF 797.1K	-CHF 91.8· -0.0%	CHF 1.2M	CHF 1.2M	-CHF 16K· -1.3%
EBITDA	CHF 214.6K	CHF 184.3K	At risk-CHF 30.3K· -14.1%	CHF 322K	CHF 287.4K	At risk-CHF 34.6K· -10.8%
EBITDA %	14.0%	12.4%	At risk-1.6pp	14.0%	12.9%	At risk-1.1pp

Land in Sicht GmbH

DEEURAcquired Dec 2023Closed Dec 2023EUR

in progressActive

EV€1.9M

Multiple paid4.6x

Exit multiple assumption8.5x

MULTIPLE JOURNEY

4.6xAcquired

8.5xGroup multiple

Y1 vs Underwriting

Behind plan

Y1 Revenue

CHF 2M

-3.9% vs plan CHF 2.1M

Y1 EBITDA

CHF 260K

-10.3% vs plan CHF 290K

IC Memo Summary

Land in Sicht GmbH acquired 2023-12 at 4.6x TTM EBITDA (EV €1.9M). Y1 actual revenue €1.97M (96% of underwriting €2.05M). Integration status: in-progress.

FLAGGED

Group finance function (month-end + reporting) (CHF 60K target) at 50% delivered — status Slightly Behind.

Underwritten vs Actual

Revenue · plan is dashed

ActualUnderwriting planY1 actual CHF 2M = 96% of plan

Year	Actual	Plan	Variance
Y1	CHF 2M	CHF 2.1M	-CHF 80K
Y2	Not reported	CHF 2.3M	—

Synergy Tracker

1 synergy · 50% realised

CHF 30,000

of CHF 60,000 target

Description	Owner	Target	Delivered	Status	Due
	Nadine Keller (Group Finance)	CHF 60,000	CHF 30,00050%	Slightly Behind	Jun 2026

Total synergy target: CHF 60,00050% realised to date

Cohort Comparison

This acquisition vs portfolio

	This acquisition	Portfolio average	Best sister
Y1 Revenue vs Plan	CHF 2M	CHF 2.2M	CHF 3.6M
Y1 EBITDA Margin	13.2%	22.4%	28.1%
Synergy Realisation	50%	86%	117%

Comparison includes 6 acquisitions with Y1 actuals reported

FINANCIAL SNAPSHOT (TTM)

TTM REVENUE

CHF 2.2M

ADJUSTED EBITDA

CHF 348.3K

EBITDA MARGIN

15.8%

CASH BALANCE

CHF 300K

HEADCOUNT

CUSTOMERS

Integration Gates

4 of 4

Day 1Complete
Day 30Complete
Day 100Complete
Day 365Complete

TSA EXIT TRACKER

ExitedSept 2024

In Progress

1 TSA remaining

Data Connections

1 of 1 synced

DATEVAccounting · Land in Sicht GmbH

4 hours ago

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OPERATING PERFORMANCE

Operating Metrics

Software

Net Revenue Retention

104.1%

Sept 25 – Sept 26

ARR Growth

13.3%

Sept 25 – Sept 26

Rule of 40

17.5%

Sept 25 – Sept 26

R&D Share of Revenue

19.5%

Sept 25 – Sept 26

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Data freshnessAll synced

06:00 GMT

Last sync · 8/8 entities reporting