IHS Chemical Week

Markets :: Fine Chemicals/Biotech :: Pharmaceutical ingredients

Cambrex Secures Second Quarter Sales Hike, Enjoys Currency Boost

6:43 AM MDT | August 3, 2011 | Alex Scott

Fine chemicals firm Cambrex has recorded Ebitda for the second quarter of the year up 9% to $12.1 million, on corresponding sales up 18% to $67.5 million. Excluding a 10.7% favorable impact of foreign exchange, reflecting a weaker U.S. dollar, sales increased 6.9%. The increase is primarily due to higher sales of certain larger custom manufacturing products and higher volumes of generic active pharmaceutical ingredients (API). These increases were partially offset by the timing of orders for certain products, lower custom development revenues and lower pricing...

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