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Cambrex Reports Third Quarter 2008 Results
Date:11/4/2008

(32,594)

As Reported $182,820 $66,854 36.6% $(10,935) -6.0%

Third Third Nine Nine

Quarter Quarter Months Months

2008 2007 2008 2007

Pre-Corporate Operating

Profit Before Strat. Alt. &

Restructuring Expenses $8,017 $8,792 $30,627 $37,783

Corporate Results (2,286) (4,002) (9,476) (16,124)

Depreciation and

Amortization 5,683 4,934 16,115 14,579

Adjusted EBITDA $11,414 $9,724 $37,266 $36,238

CAMBREX CORPORATION

Consolidated Balance Sheet

As of September 30, 2008 and December 31, 2007

(in thousands)

September 30, December 31,

Assets 2008 2007

Cash and Cash Equivalents $29,173 $38,488

Trade Receivables, net 26,775 45,003

Inventories, net 69,506 61,440

Prepaid Expenses and Other Current Assets 15,803 20,104

Total Current Assets 141,257 165,035

Property, Plant and Equipment, Net 166,001 165,657

Goodwill 35,565 35,552

Other Non-Current Assets 5,702 7,218

Total Assets $348,525 $373,462

Liabilities and Stockholders' Equity

Accounts Payable $18,448 $26,185

Accrued Expens
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SOURCE Cambrex Corporation
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