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Cambrex Reports Fourth Quarter and Full Year 2008 Results
Date:2/11/2009

eted. Full year 2008 capital expenditures and depreciation were $32.7 million and $21.1 million, respectively.

Guidance

The Company expects that sales, net of the impact of foreign currency, will increase between 2% and 6% in 2009 compared to 2008. Adjusted EBITDA for 2009 is expected to be between $42 and $49 million. Adjusted EBITDA for guidance purposes excludes the impact of any M&A, restructuring, or strategic alternatives expenses. Considering the current macro-economic environment, the Company believes that there is more uncertainty than usual in expected sales and earnings performance for 2009. This guidance assumes the Company's customer for an API used in a previously-recalled neurological therapeutic will place orders during the second half of 2009 to support the anticipated re-launch of the product in the U.S.

For 2009, capital expenditures are expected to be approximately $13 to $16 million and depreciation is expected to be $21 to $22 million. The Company currently expects restructuring and strategic alternatives expenses for 2009 to be minimal.

The financial information contained in this press release is unaudited, subject to revision and should not be considered final until the 2008 Form 10-K is filed with the SEC.

Conference Call and Webcast

The Conference Call to discuss fourth quarter and full year 2008 results will begin at 8:30 a.m. Eastern Time on Thursday, February 12, 2009 and last approximately 45 minutes. Those wishing to participate should call 1-888-634-4003 for domestic and +1-706-634-6653 for international. Please use the pass code 84377791 and call approximately 10 minutes prior to start time. A webcast is available from the Investors section on the Cambrex website located at www.cambrex.com and can be accessed for 30 days following the confer
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SOURCE Cambrex Corporation
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