Introductie tot AC Nielsen 2de Lic Toegepaste Economische Wetenschappen A.O. Meertalige bedrijfscommunicatie 12 Oktober 2004 27 Oktober 2004 © 2004 ACNielsen 1 AGENDA > What does AC Nielsen Marketing Research stand for ? > Retailing in Belgium and Europe > Structure of AC Nielsen information > Business Case © 2004 ACNielsen 2 Hoe heet de Amerikaanse zakenman die het presteerde om tijdens de Grote Depressie een Food & Drug Index op te bouwen? © 2004 ACNielsen 3 A.C. Nielsen Company Worldwide > Founded in 1923 by Arthur Charles Nielsen in Chicago > Currently active in more than 100 countries > Employs 20.000 full time persons >Turnover: 1,75 billion euro > N°1 marketing research company in the world > Part of VNU since beginning of 2001 © 2004 ACNielsen 4 VNU employs some 38,000 people worldwide, and is active in more than 100 countries. Around half of our EUR 3.9 billion in total revenues is generated in North America. © 2004 ACNielsen 5 The fundamental problem Brand Manufacturers Performance of my products versus market & competitors? Supply Chain Retailers © 2004 ACNielsen 6 Retailers and manufacturers need information and insight into four key areas MARKET DYNAMICS ? MARKET SIZE? SHARES? DISTRIBUTION? PRICE? © 2004 ACNielsen 7 Retailers and manufacturers need information and insight into four key areas MARKET DYNAMICS KEY COMPETITORS ? What’s My Competition Doing? Are They Winning? How Can I Succeed Versus My Competitors? © 2004 ACNielsen 8 Retailers and manufacturers need information and insight into four key areas MARKET DYNAMICS KEY COMPETITORS CONSUMER DYNAMICS WHO? WHAT? WHY? WHEN? WHERE? © 2004 ACNielsen 9 Retailers and manufacturers need information and insight into four key areas MARKET DYNAMICS •Advertising KEY COMPETITORS CONSUMER DYNAMICS •Coupons •Promotions EXTERNAL INFLUENCES © 2004 ACNielsen 10 Our Mission: we strongly believe that our package of client service expertise, tools and high quality data can play a significant part in helping our clients achieve its strategic priorities and associated business objectives. TOOLS PEOPLE EXPERTISE © 2004 ACNielsen 11 Retail Measurement Tracking What Happens at the Retailer Point of Sale . . . > ACNielsen Collects Data: > Of more than 500 product categories > In over 150,000 retail outlets (±50.000 in Europe) > In over 80 countries > On six continents > Through Scanning and Auditing © 2004 ACNielsen 12 An output example of Retailer Point of Sales Data: Cream Cheese in Europe TOTAL FROMAGES PATES FRAICHES CAM P8 2003 1% 167 Millions KG % Evol:+4% 2% 3% 2% 3% 3% GERMANY 5% FRANCE ITALY GREAT BRITAIN 8% SPAIN BELGIUM 53% NETHERLANDS AUSTRIA SWEDEN 8% DENMARK NORWAY 12% © 2004 ACNielsen 13 In welk land is roomkaas het goedkoopst? © 2004 ACNielsen 14 But for a More Complete Picture . . . •Volumetrics by Retailer •Market Share •Price •Causal Factors Retail Measurement © 2004 ACNielsen 15 Link Store Information to . . . The Consumer Behind the Purchase - Who buys what? •Volumetrics by Retailer •Market Share •Price •Causal Factors Consumer Panel Retail Measurement - Where they shop? - How often they shop? © 2004 ACNielsen 16 Consumer Panel Over 128,000 Households Worldwide Country U. S. U.K. France Canada Germany South Africa Australia New Zealand Italy Mexico Colombia Spain Finland Greece Israel Switzerland Households Service Type 52,000 10,450 8,000 9,600 9,000 4,000 5,000 1,500 6,000 4,000 3,000 2,500 1,600 1,250 2,000 3,750 Homescan Homescan Homescan Homescan Homescan Homescan Homescan Homescan Homescan Homepanel Homepanel Homepanel Homepanel Homepanel Homepanel Homescan © 2004 ACNielsen 17 Hoeveel keer koopt een gemiddeld Frans gezin een pakje roomkaas aan? © 2004 ACNielsen 18 An example: Consumer spending data in France T E UR PE N N B E S TR O D C 99. 8 99. 7 58 99. 1 98. 7 FL S 57 FR OMAGE PAT ES 67. 8 67. 7 FR 13. 8 13. 2 28 28 4. 1 4. 0 6 2. 0 1. 9 6 © 2004 ACNielsen 190 0 0 0 / / 1 6 0 4 0 0 / 2 / 6 3 0 0 / / 1 0 6 0 0 2 / 2 0 6 0 / 1 / 0 1 0 0 / 6 2 0 2 0 / / 6 1 0 0 0 / / 2 6 2 0 Advanced analytics & modeling One Step Beyond > Which drivers influence items, brands or category results? > Which drivers influence store or chain results? > What is the marginal contribution of each marketing mix driver on item, brand, category, store or chain? © 2004 ACNielsen 20 A Little Step Beyond An example: what is my optimal price? 100% : Ligne Principale : Période(s) : MBD : 4 Monopraline Perm+ Mn Tab TOTAL KRAFT IMAGINE 200G 3 200239 A 200330 Hypermarches 2.8 2.5 2 2 2 Part de Marché en Vol ume 1.9 1.5 1.5 1 0.5 0 MAG. FILTRES VARIAB LE DE TRI INDICE % NB OBS.DETE NTEUR INDICE DE VALIDITE VE NTES HEBDO STRUCT. DES VENTE S PRIX M OYEN NB REFERENCE S % NB REFERENCES % OBS ME A % OBS QTES GRATUI TES % OBS PROS PECTUS CA / 1500 CAT P CATP 100 89 3 9.7 100 3.95 1 3.2 0 0 0 0.05 58204 <= 3.80 94 32 3 7.41 36 3.73 1 3.5 0 0 0 0.05 42359 3. 80 < <=3. 99 100 24 3 11.01 27.8 3.94 1 3.1 0 0 0 0.05 67 735 3.99 < <=4.06 102 15 3 13.05 17.6 4.01 1 3 0 0 0 0.06 72607 Etu d e en a cte d'a cha t > 4.06 110 18 3 11.82 18.5 4.34 1 2.9 0 0 0 0.05 79617 ETUDE EN EUR © 2004 ACNielsen 21 A Big Step Beyond Specific Issues; Specific Answers Decomposing historical brand sales ensures clients can quantify return on investment Buy 1 Get 1 Free Offer Return On Investment Analysis Incremental Volume: 1 million litres Incremental Contribution: £400,000 Cost Of Promotion: £300,000 Return On Promotion Investment: £100,000 Loyalty Card Offers Multi Pack Deal Buy 1 Get 1 Free TV Advertising Loss To Competitor Activity Volume Base Sales Weeks © 2004 ACNielsen 22 AGENDA > What does AC Nielsen Marketing Research stand for ? > Retailing in Belgium and Europe > Structure of AC Nielsen information > Business Case © 2004 ACNielsen 23 A.C. Nielsen Company Belgium 50 years on the market! 25 Million € 170 full time persons 200 regular clients © 2004 ACNielsen 24 The Retail index Desk Research Field Research Sample one time only Individuals Universe continuous households retail stores wholesalers with the sample stores we count 12.5% of total turnover or the purchases of 500,000 households © 2004 ACNielsen 25 Disproportionate sample Sample # stores % turnover Sample ratio prop. Sample sample ratio Cel N°1 200 50% 50 1/4 8 1/25 Cel N°2 400 25% 25 1/16 16 1/25 Cel N°3 900 15% 15 1/60 36 1/25 Cel N°4 1000 10% 10 1/100 40 1/25 2500 100% 100 1/25 100 1/25 © 2004 ACNielsen 26 Retailing Some facts and some figures © 2004 ACNielsen 27 Turnover of the ACNielsen food universe + 4.9% in Billion Euro 7.1 7.5 6.1 6.6 5.7 5.1 9.5 10 10.1 8.9 8.3 14.8 14 14.3 13.5 13 13.1 11.9 12.5 11.3 10.4 10.8 15.3 15.6 16 16.7 17.4 18.2 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 '00 '01 '02 '03 © 2004 ACNielsen 28 2003: ACNielsen Food Universe = 64 % of food retailing = 23 % of retailing = 11 % of total private consumption Private consumption (Billions Euro) = 200 98.7 121.6 169.3 25 160 90.1 120 80 40 0 28.3 Billions Euro 30 45.4 60.8 46% 34% 38.9 19.7 20% 21.9 Retail Food 7.7 1994 Retail Non Food 28.3 11% 8% 30% 5 18% 18.2 7% 10 33.6 1989 8 53% 15 50.9 6% 20 50% 32% 10.1 11.3 13.5 11% 12% 17% 0 2003 Non retail 1989 1994 Univ ACNielsen 2003 Other Food Source: Fedis & ACNielsen © 2004 ACNielsen 29 Retail is losing market share in total private consumption... 57.8 56.3 57 56.5 56 55.5 54.4 53.9 53.6 53.5 53.9 53.3 52 50.5 50.0 49.0 48.5 48.4 48.2 48.9 48.0 48 47.8 46.8 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 '00 '01 '02 '03 Source: Fedis & INS © 2004 ACNielsen 30 Hoeveel voedingswinkels waren er in 1970 in België? © 2004 ACNielsen 31 Evolution of the number of stores (000 stores) 34.9 23.9 18.4 15.6 13.8 13 9.9 9.2 8.8 8.6 70 75 80 85 90 95 '00 '01 '02 '03 8770 8629 = - 141 stores © 2004 ACNielsen 32 MARKET AC Nielsen SHOPTYPES F1 : Mass Retail (limited list) Colruyt, Le Lion, GROTE Delhaize SUPERMARKTEN Carrefour (CRF, Super GB), Match, Mestdagh (Super M Ruim assortiment, nationale Champion) & Cora merken en PL. F2 : Medium Non-Integrated Distribution ONAFHANKELIJKE WINKELS AD Delhaize, Spar, GB-Partner, GBContact, Alvo, Samgo, Intermarché Ruim assortiment, nationale merken (en PL). HD: HD :HARD Hard Discount DISCOUNTERS. F3 : Small Distribution WINKEL OP DE HOEK Aldi & Lidl Beperkt assortiment, PL, lage prijs. All Self-Service Shopsnationale with a surface Beperkt assortiment, < 400 m² (and not belonging to one merken. the shop types above. Company Owned Independant © 2004 ACNielsen 33 Market share by new shoptype 03 vs. 02 47.6 46.6 45.9 45.7 45.8 45.9 45.9 46.8 46.8 48.3 48.3 48.5 49.1 49.7 50.3 51.1 51.5 52.2 52 52.8 53.3 29.5 30.1 29.7 30.6 30.1 29.9 30.1 31.4 31.2 30.7 30.4 30.2 29.7 29.3 28.7 28.3 28.2 27.9 27.6 27.6 26.9 2.9 4.1 5.5 6.2 7 7.7 7.6 7.6 7.7 8.3 8.9 9.2 9.8 10.2 10.7 10.7 10.9 11.2 12.4 12.4 12.8 20.1 19.2 18.9 17.5 17 16.5 15.7 14.2 13.5 12.8 12.4 12 11.4 10.8 10.3 9.8 9.4 8.7 7.9 7.3 7 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 '00 '01 '02 '03 F3 Hard Discounters F2 F1 © 2004 ACNielsen 34 Average turnover per store in 1994-2003: (en 000 Euro) - current prices Average F1 HD F2 F3 per type: Total Self Service Trad. Service 1994 1042 13630 4472 2610 153 330 101 1995 1080 14117 4422 2647 150 329 98 1996 1128 14315 4402 2721 150 332 92 1997 1206 14666 4190 2821 153 332 92 1998 1330 15348 4085 3036 164 343 95 1999 1466 15542 3973 3186 176 352 100 2000 1613 16108 3955 3410 183 359 104 2001 2002 2003 1819 16903 1982 17543 2114 18209 4053 4007 3966 3629 3835 4195 192 196 202 376 383 388 107 108 107 © 2004 ACNielsen 35 Evolution number of Hard Discounter stores +52 588 536 510 450 429 401 378 184 204 222 235 244 255 262 268 271 278 333 310 143 101 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 '00 '01 '02 '03 © 2004 ACNielsen 36 Wie behoort tot de Top 3 in retail? © 2004 ACNielsen 37 European Retailing © 2004 ACNielsen 38 Europe today > 3 602 900 km² 378 million inhabitants ( 77% = urban) 426.900 food stores (01/01/1999) > 4.900 hypermarkets { >2500m² } ( = 1.1%) > 13.950 Large supermarkets { >1000m² } ( = 3.3%) > 42.800 Small supermarkets { >400m² } (= 10%) > 102.700 Superettes { >100 m² } ( 24.1%) > 262.550 Clerk service shops (61.5%) © 2004 ACNielsen 39 Hyper- & Supermarkets take most of the EURO’s (Turnover split by shoptype) Hypermarkets L Supermarkets S Supermarkets Conv. SM 32.4€ 23.3€ 25.1€ 13.1€ 32.1 23.4 24.8 13.5 Trad 6.1€ 6.2 © 2004 ACNielsen 40 … however Europe is still a mosaic © 2004 ACNielsen 41 How different are France, Belgium & Holland? ACV in million Euro & number of shops 2001 140.000 132.993 120.000 100.000 80.000 Belgium Netherlands France 60.000 37.637 40.000 21.822 20.000 16.720 9.891 5.229 1.690 4.173 3.534 Number of shops Euro (x 1.000) per avg. shop 0 ACV in mln. Euro © 2004 ACNielsen 42 Retailing Private Labels in Belgium © 2004 ACNielsen 43 Global Market Share of Private Labels in Belgium Food + Non-food (value share) 25.1 27.6 30.1 30 30.1 30.5 YT 200 3 D P0 9/ 04 20 01 20 02 19 98 19 99 20 00 19 96 19 97 * 22.6 19 94 19 95 19.8 19 92 19 93 17.3 19 90 19 91 19 87 19 88 19 89 14.7 15.2 19 85 19 86 19 83 19 84 11.4 13 13.7 16.3 16.7 18.4 20.9 26.3 28.8 28.6 29.1 © 2004 ACNielsen 44 Value Share of Private Labels YTD P09/04 49.5 43.2 39.6 36.5 33.7 30.3 31.3 25.6 22.1 17.9 16.4 17.2 9.9 FROZEN DAIRY PAPER GROCERY PETFOOD/CARE HOT BEV. BAK.&BISC. HOUSEK. NON ALC BEV ALC. BEV. CONFECT. HEALTH&B FABRICS © 2004 ACNielsen 45 Hard Discount in Europe © 2004 ACNielsen 46 Growth of discounters in Europe Market share (value) 35 30 1988 1993 1997 2000 25 20 15 10 5 0 Ge rm an y Be De Au l gi nm str um ia ar k Ne t he UK rla n ds Sw i tz Fin lan erl d an d Sp ain Fra nc e It a ly Eu r op e Source: Euromonitor, NatWest Securities and AIM estimates © 2004 ACNielsen 47 Is there a country which is not threatened by pan european discounts? 80 Italy 70 Growth in No. of stores 1997-2002 Bubble Size: Discount sales per capita Greece Spain 60 Belgium France Greece Netherlands Austria 50 Spain United Kingdom UK 40 Austria Portugal France 20 Netherlands 30 10 Denmark Belgium 0 0,0 10,0Value 20,0 Share Market Denmark Germany + 30,0 Germany Italy Portugal 40,0 © 2004 ACNielsen 48 magine! > Purchase power of €50 million per item! > Attracting 35% of shoppers weekly! > Spending €30 per trip, while saving €30! > Selling €200 million in 12 minutes! > 1 Hard discount store per 10.000 inhabitants! > Discount retailers capture 50% of the market growth! > 80% of consumers judge hard discount product quality equal to supermarkets! > Price reduction strategy of the brands do not work! This is not imagination: each statement is true! © 2004 ACNielsen 49 © 2004 ACNielsen 50 AGENDA > What does AC Nielsen Marketing Research stand for ? > Retailing in Belgium and Europe > Structure of AC Nielsen information > Business Case © 2004 ACNielsen 51 Structure of the information AC Nielsen information is always structured around the same four dimensions. © 2004 ACNielsen 52 The 4 AC Nielsen dimensions : Markets Markets 1. Markets © 2004 ACNielsen 53 MARKET 1. ACNielsen shoptypes F1 F2NI F2I F3 2. AC Nielsen Areas Area 1 = Oost- en West-Vlaanderen Area 2 = Limburg, Antwerpen en Vl. Brabant Area 3 = 30 gemeenten rond Brussel Area 4 = Henegouwen en Waals Brabant Area 5 = Luik, Namen en Luxemburg © 2004 ACNielsen 54 MARKET 3. AC Nielsen Chain Data Currently coöperating distributors : Carrefour, Colruyt, Delhaize, Match, Mestdagh, AD Delhaize, Battard, Profi, Intermarché, Spar, Prima. Aldi & Lidl: Based on ticket collection at exit through field team. © 2004 ACNielsen 55 The 4 ACNielsen dimensions : Products Markets 1. Markets Products 2. Products © 2004 ACNielsen 56 PRODUCTS > CLIENT databases are structured according to the clients wishes, based upon the ACNielsen characteristics. > Total Market 1 Manufacturer 2 Brand 3 Size 4 Flavor © 2004 ACNielsen 57 The 4 ACNielsen dimensions : Periods Markets 1. Markets Products 2. Products Facts 3. Periods © 2004 ACNielsen 58 PERIOD > Data are received on a weekly basis and can be produced and delivered weekly (9 days delay). > However most clients receive 4-weekly data delivered from 1 to 13 times per year. > In the database periods are defined by the last day included in the period : > SEP1704 : starts August 23 2004, ends September 17 2004 > Cumulation of 13 periods = One year (MAT). > Other cumulation -> (YTD, season, …) © 2004 ACNielsen 59 The 4 ACNielsen dimensions : Facts Markets 1. Markets Facts 3. Periods Products 2. Products 4.Periods Facts © 2004 ACNielsen 60 FACTS A. SALES (not for chains) 1. Sales units equivalized - sales expressed in the equivalized unit the client has chosen (liters, kilos, ...) 2. Sales units - sales expressed in “Number of EAN’S” 12 Pick Up singles = 12 (EAN’S scanned) 1 Pick Up 12 pack = 1 (EAN scanned) 3. Sales value - Sales expressed in Euro © 2004 ACNielsen 61 FACTS B. DISTRIBUTION (not for chains) 1. Numeric Distribution - % of shops in the market breakdown that have sold the product (at least once) during the considered period 4 weeks) 2. Weighted Distribution - % of turnover those shops represent within the total turnover of the product class © 2004 ACNielsen 62 FACTS C. SHARES and PRICES 1. Average Retail Price Equivalized - Sales Value / Sales Units Equivalized 2. Share Units - Market Share expressed in Units. 3. Share Units Equivalized - Market Share expressed in Kg... 4. Share Value - Market Share expressed in euro © 2004 ACNielsen 63 En nu even oefenen! © 2004 ACNielsen 64 Let ’s practice ... > WD : 20 > ND : 40 > WD : 50 > ND : 45 > What can you say about our distribution ? © 2004 ACNielsen 65 Let ’s practice ... > Sales Value : 2.000.000 > Sales Units : 20.000 > Sales Volume (kg) : 40.000 > Sales Value : 3.000.000 > Sales Units : 20.000 > Sales Volume (kg) : 70.000 > What did we do ? © 2004 ACNielsen 66 Let ’s practice ... > Sales Value : 2.000.000 > Sales Units Equivalized: 20.000 > Share in Value : 25 % > Share in Units Equivalized: 15 % > What can you say about our pricing? © 2004 ACNielsen 67 Let ’s practice ... > Sales Value : 4.000.000 > Any Promo WD : 10 > Sales Unit Equivalized : 20.000 > Sales Value : 5.000.000 > Any Promo WD : 40 > Sales Unit Equivalized: 30.000 > What happened ? © 2004 ACNielsen 68 En nu de finale: the business case! © 2004 ACNielsen 69 INPUT EXCEL Files with data on a certain market : > > Products : > Markets : - One Market - Total Belgium - besides PL, three important brands and one booming new brand - All Shop Types > Periods : - 4-weekly periods - 3 years backdata - 3 Regions > Facts : - Sales - Distribution - Shares & Prices - Promo & shelf © 2004 ACNielsen 70 INPUT > 11 EXCEL Files > UG-SU Sales Units > UG-SUE Sales Units Equivalized > UG-SV Sales Value > UG-WD Weighted Distribution > UG-ND Numeric Distribution > UG-PWD Promo WD > UG-P Price > UG-SHU Share Units > UG-SHUE Share Units Equivalized > UG-SHV Share Value > UG-SHELF Shelf Space © 2004 ACNielsen 71 INPUT TOTAL BELGIUM SHARE VALUE TOTAL MARKET BRAND 1 BRAND 2 BRAND 3 BRAND 4 BRAND 5 BRAND 6 BRAND 7 BRAND 8 BRAND 9 PL OTHER BRANDS TOTAL MARKET FLAVOR 1 FLAVOR 2 FLAVOR 3 TOTAL MARKET BRAND 1 BRAND 1 FLAVOR 1 BRAND 1 FLAVOR 2 BRAND 1 FLAVOR 3 BRAND 2 BRAND 2 FLAVOR 1 BRAND 2 FLAVOR 2 BRAND 2 FLAVOR 3 BRAND 3 BRAND 3 FLAVOR 1 BRAND 3 FLAVOR 3 AUG2700 SEP2400 OCT2200 NOV1900 DEC1700 JAN1401 FEB1101 MAR1101 APR0801 MAY0601 100.0 2.2 0.1 0.0 17.2 14.6 16.8 6.1 2.1 0.0 35.2 5.6 100.0 50.6 44.1 5.4 100.0 2.2 1.1 1.1 0.0 0.1 0.0 0.1 0.1 0.0 0.0 0.0 100.0 2.5 0.5 0.0 17.1 15.5 17.0 9.2 2.3 0.0 30.2 5.7 100.0 50.1 43.6 6.3 100.0 2.5 1.2 1.3 0.0 0.5 0.0 0.2 0.3 0.0 0.0 0.0 100.0 2.8 0.3 0.0 16.8 15.1 18.2 6.6 2.3 0.3 32.4 5.4 100.0 51.1 44.0 4.9 100.0 2.8 1.3 1.4 0.0 0.3 0.0 0.1 0.2 0.0 0.0 0.0 100.0 3.3 0.1 0.0 16.3 14.4 17.7 6.7 1.9 1.3 33.2 5.0 100.0 51.5 43.8 4.8 100.0 3.3 1.8 1.6 0.0 0.1 0.0 0.1 0.1 0.0 0.0 0.0 100.0 2.9 0.2 0.0 15.7 15.1 16.7 6.7 1.9 1.3 34.1 5.5 100.0 51.2 43.8 5.1 100.0 2.9 1.5 1.4 0.0 0.2 0.0 0.1 0.1 0.0 0.0 0.0 100.0 2.2 0.2 0.0 16.9 13.3 17.2 6.6 1.9 1.4 34.9 5.4 100.0 51.6 43.4 5.0 100.0 2.2 1.2 1.1 0.0 0.2 0.0 0.1 0.1 0.0 0.0 0.0 100.0 2.7 0.2 0.0 15.6 15.1 17.3 6.7 1.9 1.6 33.6 5.2 100.0 52.0 43.3 4.7 100.0 2.7 1.4 1.4 0.0 0.2 0.0 0.1 0.1 0.0 0.0 0.0 100.0 3.4 0.2 0.0 16.4 13.9 15.5 7.8 1.8 1.7 33.6 5.7 100.0 52.3 42.5 5.2 100.0 3.4 1.8 1.7 0.0 0.2 0.0 0.1 0.1 0.0 0.0 0.0 100.0 2.5 0.2 0.0 16.8 14.6 16.8 6.3 1.7 1.5 34.3 5.4 100.0 51.6 43.7 4.6 100.0 2.5 1.3 1.2 0.0 0.2 0.0 0.1 0.1 0.0 0.0 0.0 100.0 2.8 0.2 0.0 16.2 13.4 17.0 6.7 1.7 1.4 35.4 5.3 100.0 50.7 44.3 5.0 100.0 2.8 1.4 1.4 0.0 0.2 0.0 0.1 0.1 0.0 0.0 0.0 © 2004 ACNielsen 72 OUTPUT > A written report (including charts) to be submitted on 21/12/04 (MTB) or 22/12/2004 (lic TEW) > In 2 copies > Maximum 10 pages (no appendix) > What are the major market trends ? > What is the position of our brand ? > What are the major trends for our brand ? > What are your recommendations ? © 2004 ACNielsen 73 Contact: Joëlle Lontie Plejadenlaan 73 1200 Brussel E-mail: Joelle.Lontie@Belgium.acnielsen.com © 2004 ACNielsen 74