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

2008 2007 ------------- ------------- % of % of Amount Sales Amount Sales ------ ----- ------ ----- Gross Sales $65,178 100.0% $69,754 100.0% Allowances and Rebates 847 1.3% 367 0.5% --- --- Net Sales 64,331 98.7% 69,387 99.5% Other Revenues (83) -0.1% 435 0.6% --- --- Net Revenues 64,248 98.6% 69,822 100.1% Cost of Goods Sold 48,202 74.0% 45,444 65.2% ------ ------ Gross Profit 16,046 24.6% 24,378 34.9% Operating Expenses Selling, General and Administrative Expenses 9,010 13.8% 12,286 17.5% Research and Development Expenses 1,645 2.5% 3,534 5.1% Restructuring Expenses 3,226 4.9% 2,039 2.9% Strategic Alternative Costs 107 0.2% 2,567 3.7% --- ----- Total Operating Expenses 13,988 21.4% 20,426 29.2% ------ ------ Operating Profit 2,058 3.2% 3,952 5.7% Other Expenses/(Income): Interest Expense, net 1,366 2.1% 856 1.3% Other Expense/(Income), net 295 0.5% (205) -0.3%
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SOURCE Cambrex Corporation
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