8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  April 3, 2007

ev3 Inc.

(Exact name of registrant as specified in its charter)

Delaware	000-51348	32-0138874
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification Number)
9600 54th Avenue North, Suite 100
Plymouth, Minnesota		55442
(Address of Principal Executive Offices)		(Zip Code)

(763) 398-7000

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02.      Results of Operations and Financial Condition.

On April 3, 2007, ev3 Inc. issued a press release announcing its net sales results for its fiscal first quarter ended April 1, 2007.  A copy of this press release is furnished as Exhibit 99.1 and is incorporated herein by reference.

The information contained in this report shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section, and shall not be incorporated by reference into any filings made by ev3 Inc. under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as may be expressly set forth by specific reference in such filing.

Item 9.01      Financial Statements and Exhibits.

(c)  Exhibits.

Exhibit No.	Description
99.1	Press Release issued April 3, 2007

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: April 3, 2007	ev3 Inc.
	By:	/s/ Patrick D. Spangler
	Name:  Patrick D. Spangler
	Title:  Chief Financial Officer and Treasurer

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ev3 Inc.
CURRENT REPORT ON FORM 8-K

EXHIBIT INDEX

Exhibit No.	Description	Method of Filing
99.1	Press Release issued April 3, 2007	Furnished herewith

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EX-99.1

Exhibit 99.1

CONTACTS:
Patrick Spangler, CFO
ev3 Inc.
(763) 398-7000
pspangler@ev3.net

MEDIA RELATIONS:
Laura Nobles
Nobles Communications
(310) 795-0497
laura@noblescommunications.com

INVESTOR RELATIONS:
Marian Briggs/Nancy Johnson
Padilla Speer Beardsley
(612) 455-1742 / (612) 455-1745
mbriggs@psbpr.com / njohnson@psbpr.com

ev3 Inc. Reports 46% Net Sales Increase for First Quarter

Plymouth, Minn. — April 3, 2007 — ev3 Inc. (NASDAQ:  EVVV), a global endovascular device company, today reported net sales results for its fiscal first quarter ended April 1, 2007.

ev3’s net sales in the first quarter of 2007 increased 46% to $61.5 million versus net sales of $42.2 million in the first quarter of 2006. The company’s guidance range for first quarter net sales was $59 to $63 million.  This first quarter sales growth reflected strong contributions from each of ev3’s cardio peripheral and neurovascular business segments as well as a strong contribution from both domestic and international markets.

Jim Corbett, President and CEO of ev3 Inc., commented, “We are very pleased that our first quarter sales growth continued at a rate consistent with achieving our longer term business and financial objectives.   We are also pleased with our balanced growth and the potential of our new products such as the EverFlex Stent, the Onyx Liquid Embolic System, and the recently approved Protégé RX Stent combined with the SpideRX Embolic Protection Device for carotid stenting.”

In the first quarter of 2007, ev3’s neurovascular segment net sales increased 48% to $25.0 million versus $16.9 million in the first quarter of 2006. Within the neurovascular business segment, sales of embolic

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products increased 75% to $12.9 million from $7.4 million, and sales of neurovascular access and delivery products were up 27% to $12.1 million from $9.5 million. The primary growth drivers for the neurovascular segment were the continued market penetration of both the Onyx Liquid Embolic System for the treatment of brain arterio-venous malformations (AVM’s) and the Nexus family of embolic coils for the treatment of brain aneurysms.

Cardio peripheral segment net sales in the first quarter of 2007 increased 44% to $36.5 million versus $25.3 million in the first quarter of 2006. Within the cardio peripheral business segment, stent sales increased 52% to $19.8 million from $13.1 million. Sales of thrombectomy and embolic protection products increased 54% to $6.2 million from $4.0 million, while sales of procedural support and other cardio peripheral products increased 27% to $10.5 million from $8.2 million. The largest contributors to the growth in the cardio peripheral segment were the EverFlex stent and the recently approved Protégé RX Stent combined with the SpideRX Embolic Protection Device for carotid stenting.

On a geographic basis, ev3’s first quarter U.S. net sales increased 42% to $35.1 million, while first quarter international net sales increased 51% to $26.4 million, over the prior-year quarter. Changes in foreign currency exchange rates had a positive impact of approximately $1.4 million on first quarter 2007 net sales compared to the first quarter of the prior year.

ev3 will provide full financial results for its fiscal first quarter and updated guidance later this month, after which time the company will hold its quarterly conference call to discuss its financial results and guidance.

ev3 and the ev3 logo are trademarks of ev3 Inc., registered in the U.S. and other countries. This press release contains other trademarks and trade names of ev3 Inc. and other third parties, which are the property of their respective owners.

Statements contained in this press release that are not historical information are forward-looking statements as defined within the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected or implied. Such potential risks and uncertainties relate, but are not limited to, in no particular order:  product demand and market acceptance; the impact of competitive products and

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pricing; delays in regulatory approvals and the introduction of new products; and success of clinical testing. More detailed information on these and additional factors which could affect ev3 Inc.'s operating and financial results is described in the company's filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K. ev3 Inc. urges all interested parties to read this report to gain a better understanding of the many business and other risks that the company faces. Additionally, ev3 Inc. undertakes no obligation to publicly release the results of any revisions to these forward-looking statements, which may be made to reflect events or circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events.

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ev3 Inc.

SELECTED NET SALES INFORMATION

(Dollars in thousands, except per share amounts)

(unaudited)

	For the Three Months Ended
	April 1,		April 2,
	2007		2006		% change
NET SALES BY SEGMENT
Cardio Peripheral
Stents	$	19,806	$	13,046	52	%
Thrombectomy and embolic protection	6,218		4,037		54	%
Procedural support and other	10,467		8,249		27	%
Total cardio peripheral	36,491		25,332		44	%
Neurovascular
Embolic products	12,926		7,383		75	%
Neuro access and delivery products	12,082		9,522		27	%
Total neurovascular	25,008		16,905		48	%
Total company	$	61,499	$	42,237	46	%

	For the Three Months Ended
	April 1,		April 2,
	2007		2006		% change
NET SALES BY GEOGRAPHY
United States	$	35,140	$	24,774	42	%
International	26,359		17,463		51	%
Total net sales	$	61,499	$	42,237	46	%

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