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Cambrex Reports Third Quarter 2009 Results
Date:11/3/2009

--------- --------- Adjusted EBITDA $37,725 $37,266 ========= ========= * During 2008, the Company incurred expenses related to restructuring activities and strategic alternative expenses pursuant to the sale of its Bioproducts and Biopharma businesses in February 2007 and for the consolidation of the New Jersey R&D facility. These costs are identified within the 2008 income statement and have been excluded from the calculation of certain profit measurements, including Adjusted EBITDA for 2008. ** During 2008, the Company incurred expenses related to the acceleration of equity awards to its former CEO. These costs are included within Selling, General and Administrative Expenses and have been excluded from the calculation of certain profit measurements, including Adjusted EBITDA for 2008. CAMBREX CORPORATION Consolidated Balance Sheet As of September 30, 2009 and December 31, 2008 (in thousands) September 30, December 31, Assets 2009 2008 --------- --------- Cash and Cash Equivalents $45,345 $32,540 Trade Receivables, net 37,466 36,685 Inventories, net 61,341 61,133 Prepaid Expenses and Other Current Assets 9,193 8,798 --------- --------- Total Current Assets 153,345 139,156 Property, Plant and Equipment, net 166,303 161,500 Goodwill
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