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Cambrex Reports Third Quarter 2011 Results
Date:11/3/2011

and as such is not consolidated into the Company's results.  Cambrex's income statement reflects 51% of Zenara's net results as Equity in Losses of Partially-Owned Affiliate.  For 2011, the Company continues to expect Zenara to have revenues in the low to mid single digit millions and a small EBITDA loss.

Capital expenditures are expected to be approximately $14 to $16 million and depreciation is expected to be $22 to $24 million in 2011.

The financial information contained in this press release is unaudited, subject to revision and should not be considered final until the Company's third quarter 2011 Form 10-Q is filed with the SEC.

Conference Call and WebcastThe Conference Call to discuss third quarter of 2011 results will begin at 8:30 a.m. Eastern Time on Friday, November 4, 2011 and last approximately 45 minutes.  Those wishing to participate should call 1-800-723-6751 for domestic and +1-785-830-7980 for international.  Please use the pass code 6146431 and call approximately 10 minutes prior to start time.  A webcast is available from the Investors section on the Cambrex website located at www.cambrex.com and can be accessed for 30 days following the conference call.  A telephone replay of the conference call will be available through Friday, November 11, 2011 by calling 1-888-203-1112 for domestic and +1-719-457-0820 for international.  Please use the pass code 6146431 to access the replay.  

Forward Looking StatementsThis document contains “forward-looking statements,” including statements regarding expected performance, especially expectations with respect to sales, gross margins, operating expenses, earnings per share, cash flows, capital expenditures, acquisitions, divestitures, collaborations, other expansion opportunities and those set forth under the heading “Guidance – Continuing Operations,” inclu
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