ROCE
ROCE | H1 | Change | ||
2024 | 2023 | absolute | % | |
EBIT adjusted 1), 2) (€ million) | –677 | 279 | –956 | – |
Capital employed as of Jun 30 (€ million) | 49,238 | 46,574 | +2,664 | +5.7 |
ROCE 1) (%) | –2.7 | 1.2 | –3.9 | – |
Target value (%) | ≥5.7 | ≥6.0 | ‒ | ‒ |
1) Value for the first half of 2023 adjusted due to reclassification of DB Arriva.
2) Figures extrapolated to the full year for calculation of key figures.
The decline in ROCE was mainly due to the significantly weaker adjusted EBIT. The significant increase in capital employed was mainly due to the increase in property, plant and equipment.