ROCE
| ROCE | H1 | Change | ||
|---|---|---|---|---|
| 2025 | 2024 | absolute | % | |
| EBIT adjusted 1), 2) (€ million) | –239 | –1,225 | +986 | –80.5 |
| Capital employed as of Jun 30 (€ million) | 51,683 | 49,238 | +2,445 | +5.0 |
| ROCE 1) (%) | –0.9 | –5.0 | +4.1 | – |
1) Figure for 2024 adjusted due to the sale of DB Schenker.
2) Figures extrapolated to the full year for calculation of key figures.
The increase in ROCE resulted from the significantly better adjusted EBIT. The increase in capital employed had a partially offsetting effect and resulted primarily from the increase in property, plant and equipment (particularly at DB InfraGO). The deconsolidation of DB Schenker reduced capital employed and partially compensated for this development.
A complete adjustment of DB Schenker (which was still included in capital employed as of June 30, 2024), results in ROCE of –5.5% in the first half of 2024.
| Key economic performance indicators of the business units / % | H 1 | Absolute change | |
|---|---|---|---|
| 2025 | 2024 | ||
| ROCE | |||
| DB Long-Distance | –1.4 | –5.4 | +4.0 |
| DB Regional | 10.0 | –6.9 | +16.9 |
| DB Cargo | –6.6 | –17.1 | +10.5 |
| DB Energy | 8.1 | 33.4 | –25.3 |
| Return on equity | |||
| DB InfraGO | –2.3 | –9.4 | +7.1 |
The figures were extrapolated to the full year in order to calculate the corresponding profit figures.
The improvement in ROCE at DB Long-Distance, DB Regional and DB Cargo was largely the result of better profit development.
The decline in ROCE at DB Energy was largely driven by the weaker development of adjusted EBIT.
The strong improvement in the return on equity at DB InfraGO resulted from a significant increase in net profit after taxes. The higher equity had a dampening effect.