- Presentation to the European Board.
- Confirmed the TWC movement and cause.
- Confirmed the impact of gaps in metrics for working capital performance .
- Guidance on initiatives and future activities to improve performance.
- Proposed revised metrics and calculations to avoid future gaps.
- Confirmed opportunity for further €1 billion of improvement.
Follow up and review of progress and outcome
- In excess of €1 billion TWC reduction achieved.
- TWC now on track following recommended actions.
- Cash forecasting accuracy increased.
- Expectations for negative NWC exceeded.