DJO Global reports sales growth in third quarter of 2017

DJO Global has announced its financial results for the third quarter of 2017, during which it generated a net sales total of $290.9 million (216.96 million pounds).

This represented a year-on-year increase of 1.3 percent, or 0.3 percent at constant currency rates, despite challenging business conditions owing to factors such as the severe hurricanes affecting the US during the quarter.

Its surgical implant and international businesses experienced particularly strong growth, which helped to offset the impact of the declines seen by its recovery sciences and bracing and vascular divisions.

Meanwhile, the company's transformation initiatives remain on track to deliver seven to ten percent annual cost reductions by the end of 2018, with actions taken to date expected to contribute $33 million in savings over the next four quarters.

Brady Shirley, DJO's president and chief executive officer, said: "With clear evidence that our strategy is working, we remain committed to the rigorous execution of the initiatives that are critical to improving our operations, growing our global business and improving our customer experience."

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