Revenue
8.4% of Montenegro's revenue
1,880 companies earned 1.48b€ in 2025, 8.4% of all company revenue in Montenegro. It ranks 2 of 25 municipalities by revenue. Revenue has grown 2.0× since 2015.
8.4% of Montenegro's revenue
28.6 per 1,000 residents · Montenegro 57.3
Largest employer: Elektroprivreda Crne Gore (1,170)
Total profit: -20.10m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 736,967,003€ | 992 |
| 2016 | 733,856,066€ | 1,087 |
| 2017 | 844,204,582€ | 1,146 |
| 2018 | 902,932,275€ | 1,255 |
| 2019 | 933,841,671€ | 1,348 |
| 2020 | 924,882,736€ | 1,443 |
| 2021 | 1,056,901,497€ | 1,559 |
| 2022 | 1,440,432,113€ | 1,644 |
| 2023 | 1,374,002,941€ | 1,697 |
| 2024 | 1,437,089,028€ | 1,810 |
| 2025 (Preliminary) | 1,483,187,027€ | 1,880 |
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 51–100 of 258
* 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* |
|---|
| 51 | Ras Press02304678 · Manufacturing | <0.1% | 503,625€ | -2.2% | 67,054€ | 13.3% | 5 | 874€ |
| 52 | Art-Grafika02280736 · Manufacturing | <0.1% | 493,241€ | -1.8% | 87,416€ | 17.7% | 8 | 717€ |
| 53 | Balbo-Radulović02222558 · Manufacturing | <0.1% | 469,280€ | +10.3% | 4,156€ | 0.9% | 16 | 662€ |
| 54 | Elit M.M.R03222233 · Manufacturing | <0.1% | 461,946€ | -59.9% | 33,023€ | 7.1% | 11 | 707€ |
| 55 | Tim Mont03480828 · Manufacturing | <0.1% | 455,988€ | +142.9% | 120,030€ | 26.3% | 6 | 676€ |
| 56 | Đerdan02638142 · Manufacturing | <0.1% | 428,231€ | +16.1% | 39,696€ | 9.3% | 12 | 980€ |
| 57 | Zla Gora02247135 · Manufacturing | <0.1% | 419,933€ | +22.6% | 53,127€ | 12.7% | 14 | 689€ |
| 58 | Mićanović02324610 · Manufacturing | <0.1% | 409,357€ | -8.3% | -36,146€ | -8.8% | 3 | 964€ |
| 59 | Licon03408396 · Manufacturing | <0.1% | 406,162€ | +109.0% | 49,128€ | 12.1% | 2 | 703€ |
| 60 | Perpex02791234 · Manufacturing | <0.1% | 400,309€ | -3.7% | 74,842€ | 18.7% | 4 | 811€ |
| 61 | Montex-Elektromont02137429 · Manufacturing | <0.1% | 391,009€ | +56.1% | 103,106€ | 26.4% | 10 | 1,111€ |
| 62 | Komo02728559 · Manufacturing | <0.1% | 376,577€ | +16.8% | 40,773€ | 10.8% | 7 | 987€ |
| 63 | Domont02723182 · Manufacturing | <0.1% | 362,018€ | +8.9% | 2,318€ | 0.6% | 8 | 747€ |
| 64 | Milić Plus02746760 · Manufacturing | <0.1% | 347,668€ | -17.5% | 15,399€ | 4.4% | 7 | 758€ |
| 65 | Ćipranić Company02749483 · Manufacturing | <0.1% | 346,048€ | +22.6% | 67,084€ | 19.4% | 8 | 540€ |
| 66 | Alexport03393445 · Manufacturing | <0.1% | 340,626€ | +26.0% | 6,326€ | 1.9% | 7 | 1,049€ |
| 67 | Ginger03153983 · Manufacturing | <0.1% | 330,541€ | +15.8% | 2,600€ | 0.8% | 15 | 874€ |
| 68 | Frigo Electronics03177149 · Manufacturing | <0.1% | 325,456€ | +9.3% | -23,344€ | -7.2% | 4 | 1,414€ |
| 69 | Vujanović Company03411095 · Manufacturing | <0.1% | 324,894€ | +9.6% | 29,817€ | 9.2% | 3 | 2,032€ |
| 70 | Sunny Rays03548180 · Manufacturing | <0.1% | 319,499€ | +56.0% | 2,225€ | 0.7% | 5 | 462€ |
| 71 | Vuk Home Line03378411 · Manufacturing | <0.1% | 318,711€ | +373.9% | 20,700€ | 6.5% | 9 | 419€ |
| 72 | Windoor02984369 · Manufacturing | <0.1% | 314,682€ | +80.2% | 17,428€ | 5.5% | 25 | 805€ |
| 73 | Factorial03596419 · Manufacturing | <0.1% | 311,874€ | +199.8% | 8,910€ | 2.9% | 1 | — |
| 74 | Mat-Inox Profi03308472 · Manufacturing | <0.1% | 311,853€ | +38.0% | 27,806€ | 8.9% | 4 | 970€ |
| 75 | Annabella02399997 · Manufacturing | <0.1% | 277,581€ | -10.7% | 9,237€ | 3.3% | 5 | 551€ |
| 76 | Art Remedia02811103 · Manufacturing | <0.1% | 276,750€ | +24.8% | 41,262€ | 14.9% | 3 | 1,173€ |
| 77 | Roćenović02757974 · Manufacturing | <0.1% | 263,183€ | -11.6% | 29,956€ | 11.4% | 3 | 833€ |
| 78 | De-Mi03416801 · Manufacturing | <0.1% | 255,425€ | +146.2% | 4,481€ | 1.8% | 3 | 716€ |
| 79 | Al Konstrukcije03073297 · Manufacturing | <0.1% | 255,373€ | +7.7% | 10,999€ | 4.3% | 3 | 844€ |
| 80 | La Gioia02864711 · Manufacturing | <0.1% | 238,662€ | -5.0% | -57,042€ | -23.9% | 10 | 910€ |
| 81 | Mega Slatka Tajna02971224 · Manufacturing | <0.1% | 221,490€ | -7.8% | 1,590€ | 0.7% | 4 | 1,148€ |
| 82 | Licon Glass03696928 · Manufacturing | <0.1% | 211,533€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 15,249€ | 7.2% | 3 | 744€ |
| 83 | Peja - Plast02726360 · Manufacturing | <0.1% | 210,009€ | +9.1% | 1,365€ | 0.6% | 4 | 781€ |
| 84 | Gazdinstvo Butorović Nikšić03145638 · Manufacturing | <0.1% | 209,936€ | +4.1% | 1,664€ | 0.8% | 5 | 808€ |
| 85 | Mil - Mont Sistem03637255 · Manufacturing | <0.1% | 188,432€ | +161.6% | 2,133€ | 1.1% | 5 | 605€ |
| 86 | Purović02856930 · Manufacturing | <0.1% | 187,180€ | +63.0% | 13,339€ | 7.1% | 3 | 677€ |
| 87 | Best Wood03410617 · Manufacturing | <0.1% | 178,305€ | +86.2% | 27,832€ | 15.6% | 1 | 924€ |
| 88 | Pekara - Student02911353 · Manufacturing | <0.1% | 161,078€ | +11.5% | -15,631€ | -9.7% | 10 | 735€ |
| 89 | Zen Ex03071545 · Manufacturing | <0.1% | 160,639€ | -18.4% | 1,093€ | 0.7% | 8 | 648€ |
| 90 | Braća Koprivica02176173 · Manufacturing | <0.1% | 153,153€ | +306.6% | 2,182€ | 1.4% | 2 | 303€ |
| 91 | Stakloplan Mont02396238 · Manufacturing | <0.1% | 151,469€ | +50.5% | 1,850€ | 1.2% | 2 | 1,006€ |
| 92 | Javorak MB02885026 · Manufacturing | <0.1% | 146,673€ | -40.4% | -11,416€ | -7.8% | 1 | 989€ |
| 93 | Bonvivan03664775 · Manufacturing | <0.1% | 146,598€ | +1,928.8% | 28,550€ | 19.5% | 2 | 647€ |
| 94 | Premium Cars03624102 · Manufacturing | <0.1% | 145,827€ | +5.0% | 2,349€ | 1.6% | 2 | 613€ |
| 95 | D u G A02047918 · Manufacturing | <0.1% | 141,968€ | -48.6% | -136,669€ | -96.3% | 10 | 691€ |
| 96 | Monte Grow03384560 · Manufacturing | <0.1% | 141,392€ | +133.6% | 4,263€ | 3.0% | 2 | 478€ |
| 97 | Vakom02823853 · Manufacturing | <0.1% | 141,380€ | +2.6% | 13,312€ | 9.4% | 3 | 891€ |
| 98 | Liftmonte02435403 · Manufacturing | <0.1% | 139,304€ | -8.1% | 34,702€ | 24.9% | 3 | 1,174€ |
| 99 | Acm02945827 · Manufacturing | <0.1% | 136,014€ | +30.5% | -13,597€ | -10.0% | 2 | 422€ |
| 100 | M-Construction03423000 · Manufacturing | <0.1% | 132,207€ | +47.7% | 13,098€ | 9.9% | 3 | 511€ |