date:Nov 07, 2012
.S. operations.
In Belgium, the economic and competitive environment has not improved. While we are not happy with the evolution of our market share, we are encouraged by the second consecutive quarter of positive comparable store sales growth. In addition, in Southeastern Europe Asia, our initiatives are gaining momentum and delivering solid revenue growth coupled with improved profitability.
We remain focused on improving our price competitiveness while maintaining our cash flow discipline.