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Cambrex Reports First Quarter 2012 Results
Date:5/3/2012

ven M. Klosk, President and Chief Executive Officer, said, "We are very pleased with the strong sales and profit growth in the first quarter driven by most of our product categories.  The business generated significant volume increases in controlled substances and generic APIs and we continue to make progress with new product development programs to support future growth."

Guidance – Continuing Operations
The Company continues to expect that full year 2012 sales, excluding the impact of foreign currency, will increase between 2% and 6% versus 2011, and that full year 2012 EBITDA, defined as operating profit plus depreciation and amortization expense, will be between $47 and $53 million.  EBITDA guidance is for continuing operations and excludes the impact of any M&A or restructuring activities.  The above guidance does not reflect Zenara, which is accounted for using the equity method, and as such is not consolidated into the Company's results.  Cambrex's income statement reflects 51% of Zenara's net results within Equity in Losses of Partially-Owned Affiliates.  For 2012, the Company currently expects Zenara to have revenues in the low single digit millions and a small EBITDA loss.

Capital expenditures are expected to be approximately $16 to $19 million and depreciation is expected to be $21 to $23 million in 2012.

The financial information contained in this press release is unaudited, subject to revision and should not be considered final until the Company's first quarter 2012 Form 10-Q is filed with the SEC.

Conference Call and Webcast
The Conference Call to discuss first quarter results will begin at 8:30 a.m. Eastern Time on Friday, May 4, 2012 and last approximately 45 minutes.  Those wishing to participate should call 1-800-499-7921 for domestic and +1-719-325-2412 for international.  Please use the pass code 8201647 and call approximately 10 minutes pri
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SOURCE Cambrex Corporation
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