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 11, 2005

                           Orthofix International N.V.
             (Exact name of Registrant as specified in its charter)

    Netherlands Antilles                0-19961                    N/A
(State or other jurisdiction    Commission File Number      (I.R.S. Employer
     of incorporation)                                    Identification Number)

                          -----------------------------

                             7 Abraham de Veerstraat
                                     Curacao
                            Netherlands Antilles                   N/A
               (Address of principal executive offices)         (Zip Code)

     Registrant's telephone number, including area code: 011-59-99-465-8525

                          -----------------------------

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 (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

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

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

[ ] Pre-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 11, 2005, Orthofix International N.V. issued a press release
announcing, among other things, that first quarter sales exceeded its guidance
range for the first quarter ended March 31, 2005 and that the company reached an
agreement to conclude its 'Bone Source' licensing agreement with Stryker. A copy
of the press release is attached hereto as Exhibit 99.1 and is incorporated by
reference herein.

Item 9.01.      Financial Statements and Exhibits
                ---------------------------------

       (c)    Exhibits


       99.1   Press release of Orthofix International N.V. dated April 11, 2005.





                                    SIGNATURE

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

                                                ORTHOFIX INTERNATIONAL N.V.

                                                By: /s/ Thomas Hein
                                                --------------------------------
                                                Name:  Thomas Hein
                                                Title: Chief Financial Officer



Date:    April 12, 2005

EX-99.1

[ORTHOFIX logo]

Contacts:
Charles W. Federico, Group President and CEO, Orthofix International, N.V.,
704/948-2600
Thomas Hein, CFO, Orthofix International, N.V., 704/948-2600


                   ORTHOFIX ANNOUNCES THAT FIRST-QUARTER SALES
                             EXCEEDED GUIDANCE RANGE

                 COMPANY ALSO REACHES AGREEMENT WITH STRYKER TO
                   CONCLUDE `BONE SOURCE' LICENSING AGREEMENT

HUNTERSVILLE, N.C., April 11, 2005 - Orthofix International NV (NASDAQ: OFIX)
today announced that first-quarter sales will exceed its guidance range of $73
million to $75 million. The Company stated that it expects to report
first-quarter sales of between $77 million and $78 million. The Company
attributed strong first-quarter sales to a significant increase in the
year-over-year growth rate of its spinal stimulation product family, most
notably for the Cervical-Stim(R) device that was approved by the FDA in December
2004 and has begun selling in the first quarter 2005. The Company will release
detailed sales results with its first -quarter earnings release scheduled for
April 28, 2005.

"We are extremely pleased with the better-than-expected sales growth associated
with our spinal stimulation product family," said Charles Federico, Group
President and Chief Executive Officer of Orthofix.

In addition, Orthofix announced that it has reached an agreement with Stryker to
conclude, on mutually agreeable terms, the 1998 Assignment Agreement between
subsidiaries of the two companies for the manufacture and marketing of "Bone
Source" Bone Void Filler. Stryker will retain all rights assigned to it under
the original agreement and will have no further obligation to make royalty
payments to Orthofix for use of product patents or trademarks. However, Orthofix
will retain all payments previously made by Stryker, including an initial
prepaid royalty payment of $2.4 million currently on Orthofix's balance sheet.
Orthofix expects to reverse the prepaid royalty and consequently record the $2.4
million (approximately $1.5 million after tax, or $0.09 per share) as a one-time
item to `Other Income' in March. Beyond this one-time entry, the conclusion of
the `Bone Source' agreement between Orthofix and Stryker has no material impact
on current or ongoing financial results. Royalties from `Bone Source' were
$275,000 in 2004, and were $89,000 in the first quarter of 2005.

About Orthofix International, N.V.
- ----------------------------------
Orthofix international N.V., a global diversified orthopedic products company,
offers a broad line of minimally invasive surgical, as well as non-surgical,
products for the spine, reconstruction, and trauma market sectors that address
the lifelong bone-and-joint health needs of patients of all ages--helping them
achieve a more active and mobile lifestyle. Orthofix's products are widely
distributed around the world to orthopedic surgeons and patients--via Orthofix's
sales representatives and its subsidiaries, including Breg, Inc., and via
partnerships with other leading orthopedic product companies, such as Medtronic
Sofamor Danek and Kendall Healthcare. In addition, Orthofix is collaborating in
R&D partnerships with leading medical institutions such as the Orthopedic
Research and Education Foundation, the Cleveland





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Clinic Foundation, Innovative Spinal Technologies and National Osteoporosis
Institute. For more information about Orthofix, please visit www.orthofix.com.
                             ----------------


Forward-Looking Statements
- --------------------------
This news release contains certain forward-looking statements under the Private
Securities Litigation Reform Act of 1995. These forward-looking statements may
include, but are not limited to, statements concerning the projections,
financial condition, results of operations and businesses of Orthofix, and are
based on management's current expectations and estimates and involve risks and
uncertainties that could cause actual results or outcomes to differ materially
from those contemplated by the forward-looking statements. Factors that could
cause or contribute to such differences may include, but are not limited to,
risks relating to the integration of the businesses of Orthofix and Breg,
unanticipated expenditures, changing relationship with customers, suppliers and
strategic partners, risks relating to the protection of intellectual property,
changes to the reimbursement policies of third parties, changes to governmental
regulation of medical devices, the impact of competitive products, changes to
the competitive environment, the acceptance of new products in the market,
conditions of the orthopedic industry and the economy and other factors
described in the most recent report on Form 10-K and other periodic reports
filed by Orthofix with the Securities and Exchange Commission.

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