Vista, Calif-headquartered DJO Global announces its financial results for the fourth quarter and the fiscal year, ending in 2015.
According to the company, in the fourth quarter, Net sales grew 6.1% to $308 million (9.4% constant currency), and adjusted EBITDA increased 3.8% to $68.9 million (11.1% constant currency). For the full year 2015, net sales grew 2.4% to $1.1 billion (6.7% constant currency), and adjusted EBITDA increased 3.7% to $239.9 million (9.3% constant currency).
In its Bracing and Vascular Segment, net sales were $143.0 million in the fourth quarter of 2015, reflecting growth of 3.9%, compared to the fourth quarter of 2014. For the full year of 2015, net sales were $526.3 million and increased 4.3% over the full year of 2014, due to new account acquisition and growth in sales of direct consumer products.
The company adds that it plans to launch new products later in the first quarter of 2016.
“We continue to see terrific performance in Orthopedic Implants and in Consumer products along with strong better than market performance in our core Bracing and International businesses,” says DJO’s president and CEO Mike Mogul, in a media release.
For more information, visit DJO Global.
[Source(s): DJO Global, Business Wire]
