Revenue
5.3% of Montenegro's revenue
1,885 companies earned 942.99m€ in 2025, 5.3% of all company revenue in Montenegro. It ranks 5 of 18 sectors by revenue. Revenue has grown 2.3× since 2015.
5.3% of Montenegro's revenue
847 with at most one employee
Largest employer: Pošta Crne Gore (1,253)
Total profit: 33.33m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 405,089,365€ | 857 |
| 2016 | 454,310,643€ | 929 |
| 2017 | 510,265,203€ | 1,008 |
| 2018 | 581,108,490€ | 1,118 |
| 2019 | 575,874,972€ | 1,193 |
| 2020 | 396,748,965€ | 1,261 |
| 2021 | 520,336,463€ | 1,354 |
| 2022 | 719,463,602€ | 1,482 |
| 2023 | 810,988,759€ | 1,653 |
| 2024 | 845,939,071€ | 1,823 |
| 2025 (Preliminary) | 942,990,861€ | 1,885 |
Growth is measured on the same companies, which filed for both years.
Share of the sector's revenue
Revenue change vs 2024, companies with at least 1m€ that year
Employees and payroll cost per employee per month*
Ranked by total revenue · Showing 251–300 of 1,885
* 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 →
Totals include 38 sole proprietors: natural persons whose statements are shown only in aggregate, never by name. The company count excludes them. How we calculate →
| Employees |
|---|
| Payroll cost/emp./mo* |
|---|
| 251 | Bubanja-Transport02713349 · Berane | <0.1% | 550,167€ | +26.0% | 126,710€ | 23.0% | 4 | 2,520€ |
| 252 | Marić Nautica03234517 · Herceg Novi | <0.1% | 548,186€ | +286.6% | -42,113€ | -7.7% | 3 | 1,118€ |
| 253 | Vujnović02441136 · Herceg Novi | <0.1% | 547,705€ | -22.4% | 9,426€ | 1.7% | 7 | 2,111€ |
| 254 | Mera-Trans03258726 · Bijelo Polje | <0.1% | 547,426€ | +20.9% | 72,864€ | 13.3% | 5 | 2,851€ |
| 255 | Traffic03298418 · Podgorica | <0.1% | 545,579€ | -28.7% | 17,956€ | 3.3% | 4 | 2,260€ |
| 256 | Golden Wave Company03180212 · Kotor | <0.1% | 540,388€ | +30.1% | 71,422€ | 13.2% | 11 | 743€ |
| 257 | Total Shiping02874270 · Podgorica | <0.1% | 529,908€ | +17.8% | 16,550€ | 3.1% | 3 | 566€ |
| 258 | Sany - Company02675501 · Budva | <0.1% | 519,576€ | +19.1% | 18,385€ | 3.5% | 12 | 1,857€ |
| 259 | Božović Logistics03463621 · Nikšić | <0.1% | 519,300€ | +14.8% | 55,426€ | 10.7% | 3 | 709€ |
| 260 | Sead Trans03122824 · Rožaje | <0.1% | 519,166€ | -37.1% | 4,495€ | 0.9% | 4 | 1,637€ |
| 261 | Tehno Baza02001799 · Nikšić | <0.1% | 514,950€ | +15.5% | 37,246€ | 7.2% | 20 | 1,188€ |
| 262 | 2 Novembar02955032 · Bijelo Polje | <0.1% | 514,063€ | -20.3% | 28,345€ | 5.5% | 9 | 1,458€ |
| 263 | Vukfam03438708 · Kotor | <0.1% | 513,427€ | +62.3% | 103,150€ | 20.1% | 7 | 1,828€ |
| 264 | Flight Academy Montenegro03067769 · Podgorica | <0.1% | 512,466€ | +129.3% | 209,253€ | 40.8% | 1 | 8,598€ |
| 265 | Lenax Montenegro03239446 · Podgorica | <0.1% | 502,208€ | +35.7% | 10,151€ | 2.0% | 8 | 804€ |
| 266 | DM Agency03426386 · Bar | <0.1% | 499,891€ | +115.9% | 38,422€ | 7.7% | 6 | 1,282€ |
| 267 | TX - Zeta03572285 · Zeta | <0.1% | 499,816€ | +176.8% | 65,064€ | 13.0% | 19 | 717€ |
| 268 | Samcommerc02047802 · Tivat | <0.1% | 496,715€ | +24.6% | -314,319€ | -63.3% | 5 | 1,185€ |
| 269 | MS Tours02398338 · Podgorica | <0.1% | 494,542€ | +51.8% | -70,783€ | -14.3% | 10 | 1,193€ |
| 270 | TJ - Jokić Transport03292223 · Nikšić | <0.1% | 492,290€ | +19.4% | 39,887€ | 8.1% | 4 | 2,087€ |
| 271 | MSC Montenegro02990148 · Bar | <0.1% | 486,342€ | -66.7% | 12,818€ | 2.6% | 10 | 2,491€ |
| 272 | V&D Trans02863243 · Podgorica | <0.1% | 486,282€ | +12.2% | 24,579€ | 5.1% | 5 | 1,927€ |
| 273 | Stadion Logistics03463273 · Podgorica | <0.1% | 485,199€ | +14.7% | -37,300€ | -7.7% | 6 | 2,826€ |
| 274 | Pop Transport03283712 · Zeta | <0.1% | 483,074€ | +51.3% | 72,897€ | 15.1% | 5 | 2,721€ |
| 275 | Euro Stars02650991 · Danilovgrad | <0.1% | 481,964€ | +13.9% | 37,369€ | 7.8% | 6 | 1,652€ |
| 276 | Euro Šuntić02194651 · Bijelo Polje | <0.1% | 479,406€ | -8.2% | 43,904€ | 9.2% | 10 | 821€ |
| 277 | Bancop02865572 · Danilovgrad | <0.1% | 476,090€ | -10.5% | 38,375€ | 8.1% | 5 | 1,759€ |
| 278 | V&L Trans03091791 · Nikšić | <0.1% | 470,149€ | +8.1% | 23,308€ | 5.0% | 5 | 1,488€ |
| 279 | Đurović Trans02815257 · Bar | <0.1% | 470,079€ | +17.7% | 129,769€ | 27.6% | 7 | 634€ |
| 280 | Alpha Logistik03423450 · Podgorica | <0.1% | 469,170€ | +4.1% | 20,796€ | 4.4% | 6 | 1,870€ |
| 281 | Turistička Organizacija Prijestonice Cetinje02427273 · Cetinje | <0.1% | 467,176€ | -2.0% | -108€ | -0.0% | 15 | 1,839€ |
| 282 | Fadmil Trans02348209 · Bar | <0.1% | 467,096€ | +14.7% | 10,973€ | 2.3% | 5 | 2,421€ |
| 283 | Timkom03057640 · Nikšić | <0.1% | 466,412€ | +25.4% | 1,998€ | 0.4% | 4 | 2,614€ |
| 284 | Tea - Trans03668142 · Nikšić | <0.1% | 466,164€ | +622.0% | 36,808€ | 7.9% | 8 | 1,625€ |
| 285 | Dankom02451107 · Nikšić | <0.1% | 465,136€ | -40.2% | 3,932€ | 0.8% | 3 | 3,102€ |
| 286 | Špedicija Vukadinović02772400 · Podgorica | <0.1% | 462,787€ | -3.2% | 3,660€ | 0.8% | 1 | 1,183€ |
| 287 | Deus P02771004 · Zeta | <0.1% | 462,475€ | -33.9% | 27,264€ | 5.9% | 6 | 1,498€ |
| 288 | First Sped Montenegro02992779 · Podgorica | <0.1% | 462,410€ | +1.3% | 68,766€ | 14.9% | 11 | 1,267€ |
| 289 | Parking Servis02965747 · Bijelo Polje | <0.1% | 462,254€ | +6.3% | 63,604€ | 13.8% | 21 | 1,163€ |
| 290 | Express One Montenegro02721694 · Podgorica | <0.1% | 449,959€ | -6.5% | 16,367€ | 3.6% | 16 | 1,175€ |
| 291 | Express Tours02703408 · Podgorica | <0.1% | 449,225€ | +1.5% | 46,142€ | 10.3% | 5 | 1,898€ |
| 292 | VBR Grafika02443449 · Bijelo Polje | <0.1% | 446,007€ | -0.8% | 48,754€ | 10.9% | 9 | 1,181€ |
| 293 | Balsa Group03306500 · Herceg Novi | <0.1% | 444,787€ | -15.2% | -2,786€ | -0.6% | 6 | 4,879€ |
| 294 | Špedicija Diod02305470 · Bar | <0.1% | 438,658€ | -3.3% | 11,151€ | 2.5% | 6 | 933€ |
| 295 | Damvest Logistic03241491 · Bar | <0.1% | 437,591€ | +18.3% | 4,919€ | 1.1% | 5 | 790€ |
| 296 | Alo Express02772698 · Podgorica | <0.1% | 436,887€ | -6.7% | 83,103€ | 19.0% | 9 | 680€ |
| 297 | Braco Kop02815800 · Bar | <0.1% | 434,566€ | +74.3% | 144,923€ | 33.3% | 3 | 658€ |
| 298 | Red Plus02904128 · Podgorica | <0.1% | 434,055€ | -23.1% | 10,168€ | 2.3% | 43 | 415€ |
| 299 | Professional Import03063534 · Podgorica | <0.1% | 432,827€ | -9.1% | 55,949€ | 12.9% | 2 | 1,541€ |
| 300 | Aniko Transport03454657 · Nikšić | <0.1% | 431,810€ | +53.3% | 20,519€ | 4.8% | 5 | 1,179€ |