The ratings on the Unilever group reflect its superior business profile as one of the world's largest and most diversified operators in the consumer products sector, and its moderate financial policy. These factors are balanced by the group's large exposure to the mature and price-competitive European markets. U.K.-based Unilever PLC and Netherlands-based Unilever N.V. are the joint parent companies of the Unilever group of companies (Unilever). The group is analyzed on a consolidated basis. In the 12 months to June 30, 2008, Unilever had group sales of €40 billion and an EBITDA margin of 17%. Foods account for slightly more than one-half of turnover and operating profits, placing the group among the leading global players in various categories including savory,
