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Financial Reports: West 2Q11

Currency rates bolster revenue gains

By: Gil Roth

President, Pharma & Biopharma Outsourcing Association

West Pharmaceutical Services 2Q

2Q Revenues: $308 million (+9%)

2Q Earnings: $20 million (-7%)

YTD Revenues: $603 million (+8%)

YTD Earnings: $40 million (-5%)

Comments: Most of the 2Q revenue gains were due to fluctuation in currency exchange rates. At constant rates, revenues grew 3% in 2Q. Pharmaceutical Packaging Systems sales grew 11% to $222 million in 2Q. Pharmaceutical Delivery systems sales grew 5% in 2Q to $86 million.

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