IFPM below our expectations. Adjusted for one-offs, not too far below consensusDivestment announced last night will, if net proceeds are allocated to share buyback, strengthen the cpaital allocation caseTo us, report disappointed as we were ahead of consensus. Consensus likely to be fairly flat with small negative adjustments, while we will revise IFPM downwards somewhatEarnings call at 9am. We expect share to trade 1-2% weaker than the market today
