Revenue
4.3% of Montenegro's revenue
3,326 companies earned 758.90m€ in 2025, 4.3% of all company revenue in Montenegro. It ranks 4 of 25 municipalities by revenue. Revenue has grown 3.2× since 2015.
4.3% of Montenegro's revenue
72.6 per 1,000 residents · Montenegro 57.3
Largest employer: Kadar Plus (519)
Total profit: 29.89m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 239,370,876€ | 1,306 |
| 2016 | 262,228,157€ | 1,380 |
| 2017 | 301,053,489€ | 1,496 |
| 2018 | 333,446,222€ | 1,663 |
| 2019 | 351,884,422€ | 1,831 |
| 2020 | 318,094,388€ | 2,022 |
| 2021 | 391,032,089€ | 2,198 |
| 2022 | 548,447,681€ | 2,694 |
| 2023 | 592,141,198€ | 3,169 |
| 2024 | 674,325,394€ | 3,269 |
| 2025 (Preliminary) | 758,900,352€ | 3,326 |
Companies are assigned to the municipality of their current seat for every year
Growth is measured on the same companies, which filed for both years.
Share of municipal revenue
Share in MontenegroRevenue change vs 2024, companies with at least 1m€ that year
Employees and payroll cost per employee per month*
Ranked by total revenue · Showing 1–50 of 190
* Avg payroll cost per employee per month = wages, wage compensation and other personnel expenses from the income statement (AOP 211: net wages, taxes and contributions on wages including the employer's, and other personnel expenses) / employees / 12. It is not an employee's gross or net salary; reporting errors can move it significantly, and values below 300€ a month are not shown. How we calculate →
| Employees |
|---|
| Payroll cost/emp./mo* |
|---|
| 1 | Luka Bar02002558 · Transport & logistics | 2.1% | 15,666,097€ | -7.7% | -6,440,456€ | -41.1% | 485 | 1,334€ |
| 2 | Port of Adria02766698 · Transport & logistics | 1.6% | 11,902,728€ | +34.9% | -669,525€ | -5.6% | 271 | 1,672€ |
| 3 | Barska Plovidba02324784 · Transport & logistics | 1.4% | 10,383,095€ | +30.2% | 2,281,950€ | 22.0% | 33 | 7,007€ |
| 4 | Allegra-Montenegro02802546 · Transport & logistics | 1.0% | 7,319,421€ | -4.1% | 113,747€ | 1.6% | 32 | 905€ |
| 5 | Mediteran Shipping02304058 · Transport & logistics | 0.7% | 5,159,837€ | -19.8% | 21,510€ | 0.4% | 11 | 1,251€ |
| 6 | Zenšped Group02914034 · Transport & logistics | 0.6% | 4,535,730€ | +91.1% | 381,361€ | 8.4% | 15 | 1,167€ |
| 7 | PGS Montenegro02293528 · Transport & logistics | 0.4% | 2,971,657€ | +104.9% | 989,676€ | 33.3% | 32 | 2,594€ |
| 8 | LB Company03349390 · Transport & logistics | 0.3% | 2,649,273€ | +55.9% | 67,732€ | 2.6% | 5 | 331€ |
| 9 | Petro Šped02741911 · Transport & logistics | 0.2% | 1,508,983€ | +0.6% | 9,747€ | 0.6% | 7 | 1,226€ |
| 10 | Express Courier02463288 · Transport & logistics | 0.2% | 1,179,530€ | +47.4% | 208,947€ | 17.7% | 13 | 1,350€ |
| 11 | Logmax02845741 · Transport & logistics | 0.1% | 994,740€ | -21.6% | 89,901€ | 9.0% | 14 | 1,505€ |
| 12 | Capris02718375 · Transport & logistics | 0.1% | 991,837€ | -38.8% | 141,116€ | 14.2% | 4 | 2,366€ |
| 13 | Ocean Montenegro02764245 · Transport & logistics | 0.1% | 963,666€ | +19.1% | 90,699€ | 9.4% | 32 | 1,325€ |
| 14 | Curanović Trans02692503 · Transport & logistics | 0.1% | 893,040€ | -15.0% | 3,675€ | 0.4% | 5 | 697€ |
| 15 | World Trade Services03125190 · Transport & logistics | 0.1% | 876,653€ | -10.2% | 164,924€ | 18.8% | 4 | 330€ |
| 16 | Ripšped02188376 · Transport & logistics | 0.1% | 814,744€ | -36.1% | 47,994€ | 5.9% | 19 | 928€ |
| 17 | Deomonte03179591 · Transport & logistics | <0.1% | 725,473€ | +4.1% | 11,420€ | 1.6% | 7 | 2,732€ |
| 18 | Jadro Pilot and Tug Services03208001 · Transport & logistics | <0.1% | 687,868€ | +49.0% | -429€ | -0.1% | 22 | 1,011€ |
| 19 | Fast Trans03013804 · Transport & logistics | <0.1% | 663,586€ | -24.7% | 17,529€ | 2.6% | 8 | 2,071€ |
| 20 | Optimum Company02065606 · Transport & logistics | <0.1% | 655,283€ | -34.3% | -631€ | -0.1% | 6 | 1,039€ |
| 21 | Yacht Agent Montenegro03047270 · Transport & logistics | <0.1% | 628,376€ | +90.0% | 54,809€ | 8.7% | 5 | 930€ |
| 22 | Icemar02941767 · Transport & logistics | <0.1% | 613,478€ | +8.9% | 86,375€ | 14.1% | 6 | 2,471€ |
| 23 | Interlog02459370 · Transport & logistics | <0.1% | 609,300€ | +166.9% | -13,675€ | -2.2% | 6 | 1,783€ |
| 24 | Špedicija Petrović02322919 · Transport & logistics | <0.1% | 599,411€ | +11.8% | 3,788€ | 0.6% | 3 | 647€ |
| 25 | Eurowin02998424 · Transport & logistics | <0.1% | 570,451€ | -10.8% | 29,905€ | 5.2% | 1 | 516€ |
| 26 | DM Agency03426386 · Transport & logistics | <0.1% | 499,891€ | +115.9% | 38,422€ | 7.7% | 6 | 1,282€ |
| 27 | MSC Montenegro02990148 · Transport & logistics | <0.1% | 486,342€ | -66.7% | 12,818€ | 2.6% | 10 | 2,491€ |
| 28 | Đurović Trans02815257 · Transport & logistics | <0.1% | 470,079€ | +17.7% | 129,769€ | 27.6% | 7 | 634€ |
| 29 | Fadmil Trans02348209 · Transport & logistics | <0.1% | 467,096€ | +14.7% | 10,973€ | 2.3% | 5 | 2,421€ |
| 30 | Špedicija Diod02305470 · Transport & logistics | <0.1% | 438,658€ | -3.3% | 11,151€ | 2.5% | 6 | 933€ |
| 31 | Damvest Logistic03241491 · Transport & logistics | <0.1% | 437,591€ | +18.3% | 4,919€ | 1.1% | 5 | 790€ |
| 32 | Braco Kop02815800 · Transport & logistics | <0.1% | 434,566€ | +74.3% | 144,923€ | 33.3% | 3 | 658€ |
| 33 | La Pluma Bar Pilot & Tugboat Service Montenegro03317374 · Transport & logistics | <0.1% | 431,443€ | +62.9% | 39,982€ | 9.3% | 14 | 508€ |
| 34 | Mondeošped02308088 · Transport & logistics | <0.1% | 410,682€ | +5.4% | 64,554€ | 15.7% | 7 | 834€ |
| 35 | V Transporti03068129 · Transport & logistics | <0.1% | 390,444€ | -28.3% | 5,622€ | 1.4% | 10 | 881€ |
| 36 | Vučetić Vip03074170 · Transport & logistics | <0.1% | 384,485€ | -47.0% | 6,388€ | 1.7% | 6 | 887€ |
| 37 | Kingfisher Virpazar03189872 · Transport & logistics | <0.1% | 359,145€ | +38.2% | 20,360€ | 5.7% | 11 | 556€ |
| 38 | Kalamper Plus02706440 · Transport & logistics | <0.1% | 342,360€ | -3.6% | 95,511€ | 27.9% | 1 | 675€ |
| 39 | Kralj Plus02986655 · Transport & logistics | <0.1% | 278,895€ | +22.1% | 11,852€ | 4.2% | 2 | 835€ |
| 40 | Adriatic Superyacht03170667 · Transport & logistics | <0.1% | 267,220€ | +544.1% | 139,872€ | 52.3% | 2 | 993€ |
| 41 | Trans Cargo02961377 · Transport & logistics | <0.1% | 259,995€ | +71.1% | 12,868€ | 4.9% | 2 | 1,587€ |
| 42 | Transagent02093316 · Transport & logistics | <0.1% | 249,844€ | -55.8% | 1,674€ | 0.7% | 2 | 1,762€ |
| 43 | Cerovo - Invest03210910 · Transport & logistics | <0.1% | 241,684€ | -27.2% | 18,478€ | 7.6% | 7 | 1,530€ |
| 44 | Mondial Explorer02684446 · Transport & logistics | <0.1% | 240,873€ | +3.3% | 35,043€ | 14.5% | 6 | 1,084€ |
| 45 | Lotours02704943 · Transport & logistics | <0.1% | 235,951€ | +19.8% | 17,664€ | 7.5% | 5 | 1,081€ |
| 46 | Edal02451042 · Transport & logistics | <0.1% | 224,819€ | -16.5% | 2,848€ | 1.3% | 5 | 814€ |
| 47 | Nexus Logistics03701930 · Transport & logistics | <0.1% | 218,111€ | +29,295.0% | 2,318€ | 1.1% | 1 | 1,565€ |
| 48 | Bibezić02648130 · Transport & logistics | <0.1% | 212,935€ | -34.5% | 15,432€ | 7.2% | 5 | 793€ |
| 49 | Dvojac02150727 · Transport & logistics | <0.1% | 212,850€ | -34.0% | 6,242€ | 2.9% | 4 | 3,198€ |
| 50 | Sea-Log03135713 · Transport & logistics | <0.1% | 201,204€ | -14.3% | 3,408€ | 1.7% | 4 | 687€ |