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

7 (10%)

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Adjusted EBITDA:

$ 11 $ 20 (45%)

% 18 % 30 -

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MDS Nordion's revenues for the first quarter were $60 million, down 10% from the prior year driven by a disruption in medical isotope supply and light cobalt shipments. Adjusted EBITDA was $11 million compared to $20 million in the first quarter of 2007. This decrease includes $5 million in unfavourable impact from the medical isotope disruption and a $4 million non-cash charge to account for foreign exchange impact on supply agreements.

During the quarter, MDS Nordion announced the sale of two non-strategic product lines. This sale is expected to close in the second quarter of 2008.

MDS Analytical Technologies

% Change

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($ millions) Q1 2008 Q1 2007 Reported

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Revenue $ 116 $ 53 119%

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Adjusted EBITDA:

$ 27 $ 12 125%

% 23 % 23 -

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SOURCE MDS Inc.
Copyright©2008 PR Newswire.
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