Cambrex Reports First Quarter of 2011 Results

CAMBREX CORPORATION

Reconciliation of EBITDA

For the Quarters Ended March 31, 2011 and 2010

(in thousands)

First Quarter 2011

First Quarter 2010

Operating Profit

$

5,307

$

3,712

Depreciation and Amortization

5,725

5,384

EBITDA

$

11,032

$

9,096