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  "notes": "Includes a detailed table T008 showing financial metrics for 2025 vs 2024.",
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      "text": "The Company's value creation was positive in the 2025 financial year. Adjusted ROCE before tax was 10.3% (previous year: 9.6%), while WACC increased to 8.6% (previous year: 8.5%) in the 2025 financial year.",
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      "text": "Sustainable value creation requires adequate profitability. The Lufthansa Group applies a value-based system of management. At its core is the return on capital, measured as the adjusted return on capital employed (Adjusted ROCE).",
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      "text": "Sustainable value creation requires adequate profitability. This will in turn provide scope for entrepreneurial freedom and enable key stakeholders - investors in particular - to participate in the Company's success.",
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      "text": "The Company's profitability is measured on the basis of its Adjusted EBIT margin... Adjustments were made in the reporting year... The goal of safeguarding the Lufthansa Group's future value creation underpins all of its investment and strategic decisions.",
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      "text": "1) EBIT/Average capital employed; previous year's figures adjusted due to new calculation method (before tax). 2) Adjusted EBIT/Average capital employed; previous year's figures adjusted due to new calculation method (before tax).",
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