What is the Org number of FIRST INNOVATION?

FIRST INNOVATION is registered with Brønnøysundsregistrene under Org 891600372.

What is the revenue of FIRST INNOVATION?

FIRST INNOVATION reported revenue of NOK 553K in 2020.

Who is the CEO of FIRST INNOVATION?

Are Øistein Vinje is Chief Executive Officer of FIRST INNOVATION, in role since 2008.

Where is FIRST INNOVATION headquartered?

FIRST INNOVATION's registered address is Pinebergvegen 17A, 7045 Trondheim.

FIRST INNOVATION

NUFActive

Org 891600372Pinebergvegen 17A, 7045 TrondheimWired, wireless, and satellite telecommunication activities · NACE 6110Est. 20070 employeeswww.firstinnovationltd.com

Revenue 2020

NOK 553K

-40% vs 2019

EBITDA margin

83.0%

+313% vs 2019

Equity ratio

96.7%

Financial strength

Net profit 2020

NOK 665K

+392% vs 2019

EBITDA — year on yearNOK millions

Key figuresAnnual report 2020

Revenue	NOK 553K	-40%
EBITDA	NOK 459K	+313%
Net profit	NOK 665K	+392%
Total assets	NOK 229K	+1359%
Equity	NOK 222K	+150%
Employees	0	—

Item	2018	2019	2020
Revenue	3 241	927	553
Staff expenses	−2 715	−999	−24
EBITDA	−20	−215	459
Depreciation & amort.	−13	−13	−7
EBIT	−33	−228	451
Net financials	−18	−0	−5
Profit before tax	−51	−228	447
Tax	−0	−0	−218
Net profit	−51	−228	665

Item	2018	2019	2020
Total assets	314	16	229
Equity	−215	−443	222
Long-term debt	0	0	0
Short-term debt	529	459	8
Total debt	529	459	8

Name	Role	Member since
Current (2)
AØ Are Øistein Vinje Chief Executive Officer	Chief Executive Officer	2008
FJ Frode Jørgensen Deputy Member	Deputy Member	2020

Person	Role here	Other companies
Are Øistein Vinje	Chief Executive Officer	0 companies
Frode Jørgensen	Deputy Member	0 companies