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Execution in the market

Execution in the market

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In billion €<br />

2.0<br />

1.6<br />

1.2<br />

0.8<br />

0.4<br />

0<br />

Growth G10<br />

+31% +7%<br />

21%<br />

15.1%<br />

11.6%<br />

5%<br />

10%<br />

1997 1998 1999 2000 2001 2002 2003 2004 est<br />

Capitalize on Europe<br />

• Leverage our leadership position with <strong>the</strong><br />

trade<br />

– Strategic partnerships with <strong>in</strong>ternational top-10<br />

– Category management for priority categories<br />

– Integrated e-Commerce, supply cha<strong>in</strong> and service<br />

platform<br />

• Drive profitable growth through expansion<br />

and differentiated bus<strong>in</strong>ess models<br />

– Development of new channels and alliances<br />

– Differentiated B2C and B2B bus<strong>in</strong>ess models<br />

– Double-digit growth plans <strong>in</strong> emerg<strong>in</strong>g <strong>market</strong>s<br />

• Execute <strong>the</strong> bus<strong>in</strong>ess renewal program<br />

– Organizational realignment and f<strong>in</strong>e tun<strong>in</strong>g<br />

– Integrated geographical clusters I.s.o N.S.O.s<br />

– Streaml<strong>in</strong>ed operat<strong>in</strong>g models<br />

8

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