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MDS Reports First Quarter 2008 Results
Date:3/6/2008

s (26) - (23) -

Selling, general, and

administration (29) (24%) (33) (26%)

Depreciation and amortization (9) (8%) (8) (7%)

Restructuring charges - net - - (8) (7%)

Other income (expense) 5 4% 2 2%

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Operating loss (1) (1%) (15) (12%)

Adjustments:

Restructuring charges - net - - 8 7%

Gain on settlement (2) (2%) - 0%

Depreciation and amortization 9 8% 8 7%

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Adjusted EBITDA $ 6 5% $ 1 1%

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Margins:

Gross margin 27% - 26% -

Adjusted EBITDA 5% - 1% -

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Capital expenditures $ 6 $ 2

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MDS Pharma Services net revenues declined 1% as reported. The impact on revenue of the change in foreign exchange rates from the first quarter of 2007 to the first quarter of 2008 was an increase of approximately $9 million or 7%. Both our early-stage and late-stage businesses had lower revenue
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SOURCE MDS Inc.
Copyright©2008 PR Newswire.
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