ROCE
ROCE | H 1 | Change | H 1 2019 | ||
2023 | 2022 | absolute | % | ||
EBIT adjusted 1) (€ million) | 331 | 876 | –545 | –62.2 | 757 |
Capital employed as of Jun 30 (€ million) | 46,574 | 44,968 | +1,606 | +3.6 | 42,114 |
ROCE (%) | 1.4 | 3.9 | –2.5 | – | 3.6 |
Target value (%) | ≥6.0 | ≥6.5 | ‒ | ‒ | ≥7.0 |
1) Figures extrapolated to the full year for calculation purposes.
ROCE decreased mainly as a result of the weaker development of adjusted EBIT. The growth in capital employed was mainly due to the increase in property, plant and equipment.