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MDS Expects Double-Digit Revenue Growth in 2008

NEW YORK (GenomeWeb News) – MDS today announced that it expects to report 2008 revenue growth of between 12 percent and 16 percent.
The Toronto-based firm said its revenues for full-year 2008 should be between $1.35 billion and $1.4 billion, up from $1.2 billion in 2007.
MDS also said it expects to report adjusted EBITDA in the range of $175 million to $185 million and adjusted earnings per share of $.37 to $.43, compared with adjusted EBITDA of $145 million, or $.34 per share, in 2007.
MDS provided the guidance at its annual investor day in New York.

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