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Martek Announces Second Quarter 2008 Financial Results
Date:6/4/2008

of fiscal 2008 increased 21% over the second quarter of fiscal 2007 to $87.9 million. Product sales in fiscal 2008 year-to-date increased 20% over fiscal 2007 year-to-date to $166.5 million. These increases reflect continued strong demand from Martek's U.S. and international infant formula customers, the launch of new and the growth of existing food and beverage products containing life'sDHA(TM) and the Company's increased penetration into its other non-infant formula nutritional markets. Sales to the infant formula market in the second quarter of fiscal 2008 were approximately $3 million above the high-end of the guidance previously provided by the Company primarily due to the production timing and related product ordering patterns of several large customers.

Following is a breakdown of product sales by market for the second quarter and year-to-date periods (in thousands):

Three months ended April 30, Six months ended April 30,

%

% incr

2008 2007 incr 2008 2007 (decr)

Infant formula

market $78,390 $65,929 19% $148,668 $126,781 17%

Food and beverage

market 3,172 1,147 177% 5,267 1,868 182%

Pregnancy and

nursing,

nutritional

supplements and

animal feeds 5,113 4,176 22% 10,405 8,149 28%

Non-nutritional

products 1,200 1,084 11% 2,144 2,250 (5%)

Total product

sales $87,875 $72,336 21% $166,484 $139,048 20%

New products launched during the second quarter co-branded with the Martek life'sDHA(TM) logo include:

Food and Beverage Products

-- Challenge Spreadable Butter with life'sDHA(TM) (
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SOURCE Martek Biosciences Corporation
Copyright©2008 PR Newswire.
All rights reserved

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