Orthofix International N.V. announced preliminary unaudited sales results for the fourth quarter and year ended December 31, 2016. The company reported fourth quarter 2016 net sales of approximately $109 million. These preliminary results represent reported sales growth of 3.7% and constant currency sales growth of 4.2% over the fourth quarter 2015.

For the full year 2016, the company's net sales were approximately $410 million, an increase of 3.4% on a reported basis and an increase of 4.0% on a constant currency basis over the full year 2015.

For the full year 2017, the company expects to report net sales of $407 million to $411 million based on current foreign currency exchange rates, which reflects reported growth of negative 0.7% to positive 0.2%. When normalizing for the negative impact of foreign currency of approximately $4.8 million and a loss of revenue of $5.3 million in 2017 due to planned distribution restructuring in Brazil and Puerto Rico and the wind down of a non-core business, the growth rate is expected to be 1.5% to 2.5%. Additionally, the company expects full year 2017 adjusted EBITDA margins to be generally consistent with 2016.