ROCE
ROCE | H1 | Change | H1 2019 | |||
2021 | 2020 | absolute | % | |||
EBIT adjusted1) (€ million) | –975 | –1,780 | +805 | –45.2 | 757 | |
Capital employed | 43,124 | 41,840 | +1,284 | +3.1 | 42,114 | |
ROCE (%) | –4.5 | –8.5 | – | – | 3.6 | |
Target (%) | ≥6.5 | ≥6.5 | – | – | ≥7.0 | |
1) Figures extrapolated to the full year for calculation purposes.
ROCE increased noticeably again as a result of the improvement in adjusted EBIT, but remained negative. The growth in capital employed resulted mainly from an increase in property, plant and equipment.
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