Revenue
7.3% of Montenegro's revenue
3,730 companies earned 1.28b€ in 2025, 7.3% of all company revenue in Montenegro. It ranks 4 of 18 sectors by revenue. Revenue has grown 4.4× since 2015.
7.3% of Montenegro's revenue
1,317 with at most one employee
Largest employer: Budvanska Rivijera (600)
Total profit: 40.50m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 293,412,112€ | 1,514 |
| 2016 | 326,915,110€ | 1,760 |
| 2017 | 408,696,660€ | 1,996 |
| 2018 | 478,761,075€ | 2,271 |
| 2019 | 555,265,409€ | 2,491 |
| 2020 | 259,902,954€ | 2,701 |
| 2021 | 541,241,109€ | 2,889 |
| 2022 | 805,288,344€ | 3,220 |
| 2023 | 1,029,042,003€ | 3,598 |
| 2024 | 1,186,045,662€ | 3,784 |
| 2025 (Preliminary) | 1,281,069,991€ | 3,730 |
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 1901–1950 of 3,730
* 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 354 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* |
|---|
| 1901 | Tornado Company03718425 · Podgorica | <0.1% | 47,035€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,379€ | -34.8% | 1 | 1,107€ |
| 1902 | DT-In03283445 · Podgorica | <0.1% | 46,945€ | +11.6% | 1,024€ | 2.2% | 2 | 691€ |
| 1903 | Amstel02760967 · Podgorica | <0.1% | 46,796€ | -5.5% | -6,143€ | -13.1% | 3 | 810€ |
| 1904 | Holiday02999382 · Pljevlja | <0.1% | 46,768€ | +2.0% | 9,723€ | 20.8% | 2 | 588€ |
| 1905 | Alexander & Una02951827 · Podgorica | <0.1% | 46,731€ | -58.9% | -20,043€ | -42.9% | 1 | 1,791€ |
| 1906 | Adriaperlen03362965 · Ulcinj | <0.1% | 46,088€ | -54.7% | 6,350€ | 13.8% | 1 | — |
| 1907 | Habibi Boca03766292 · Herceg Novi | <0.1% | 46,068€ | No filing for 2024. | 12,280€ | 26.7% | 1 | 368€ |
| 1908 | Efam03358569 · Podgorica | <0.1% | 46,029€ | +0.3% | -7,969€ | -17.3% | 1 | 393€ |
| 1909 | Bistri Sopot03501248 · Herceg Novi | <0.1% | 45,953€ | -17.8% | -11,177€ | -24.3% | 2 | 758€ |
| 1910 | Alinka03228355 · Budva | <0.1% | 45,936€ | -35.0% | -8,251€ | -18.0% | 4 | 343€ |
| 1911 | Đurović S.S.S.03231739 · Herceg Novi | <0.1% | 45,900€ | +24.9% | 637€ | 1.4% | 3 | 528€ |
| 1912 | Aks03062953 · Podgorica | <0.1% | 45,881€ | -0.5% | -13,585€ | -29.6% | 2 | 570€ |
| 1913 | The Brothers Pub03164110 · Podgorica | <0.1% | 45,814€ | -3.2% | -7,375€ | -16.1% | 4 | 485€ |
| 1914 | Milović03235220 · Tivat | <0.1% | 45,761€ | +4.2% | 16,037€ | 35.0% | 2 | 545€ |
| 1915 | Boneštaj03073963 · Podgorica | <0.1% | 45,699€ | +59.5% | 4,899€ | 10.7% | 2 | 791€ |
| 1916 | Marnat03384934 · Podgorica | <0.1% | 45,495€ | +20.9% | 98€ | 0.2% | 2 | 802€ |
| 1917 | Luna Emil03342522 · Bar | <0.1% | 45,355€ | +29.3% | -6,134€ | -13.5% | 3 | — |
| 1918 | Musić Co02276895 · Herceg Novi | <0.1% | 45,172€ | +13.4% | 253€ | 0.6% | 3 | 678€ |
| 1919 | Adria o Zone02645947 · Budva | <0.1% | 45,148€ | -36.5% | -18,426€ | -40.8% | 1 | 4,068€ |
| 1920 | Tim Catering03763595 · Tivat | <0.1% | 45,020€ | No filing for 2024. | -15,938€ | -35.4% | 4 | 397€ |
| 1921 | Positive Invest Mne03639550 · Nikšić | <0.1% | 44,689€ | +66.2% | 8,974€ | 20.1% | 2 | 310€ |
| 1922 | Menaturs-Budva03350843 · Budva | <0.1% | 44,593€ | -32.2% | 4,758€ | 10.7% | 2 | 531€ |
| 1923 | Kod Caci03341178 · Budva | <0.1% | 44,578€ | +13.6% | 6,633€ | 14.9% | 3 | 435€ |
| 1924 | V&G Tim02952661 · Bar | <0.1% | 44,490€ | +13.3% | 3,035€ | 6.8% | 2 | 783€ |
| 1925 | Safiro Beach Resort02750244 · Podgorica | <0.1% | 44,262€ | -65.4% | -1,155,885€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 1926 | S Coast03724344 · Budva | <0.1% | 44,192€ | No filing for 2024. | 16,704€ | 37.8% | 1 | 939€ |
| 1927 | Himalayas03149056 · Budva | <0.1% | 44,144€ | -6.3% | -20,253€ | -45.9% | 4 | — |
| 1928 | Plenum03697878 · Podgorica | <0.1% | 44,018€ | No filing for 2024. | -2,112€ | -4.8% | 3 | — |
| 1929 | Agape03101592 · Tivat | <0.1% | 43,976€ | +44.9% | 3,917€ | 8.9% | 2 | 510€ |
| 1930 | Marseni. Co02907330 · Ulcinj | <0.1% | 43,784€ | +50.4% | -35,361€ | -80.8% | 4 | 664€ |
| 1931 | Racha Group03731316 · Bar | <0.1% | 43,768€ | No filing for 2024. | -52,971€ | -121.0% | 0 | — |
| 1932 | Marabu03537277 · Berane | <0.1% | 43,679€ | -11.2% | 624€ | 1.4% | 1 | 2,050€ |
| 1933 | Pile Trade03659151 · Bar | <0.1% | 43,529€ | +103.8% | -14,264€ | -32.8% | 3 | 707€ |
| 1934 | Klasik-Co03029212 · Bijelo Polje | <0.1% | 43,357€ | +70.1% | 797€ | 1.8% | 3 | 763€ |
| 1935 | Oliva Coffee Centar03700003 · Budva | <0.1% | 43,021€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,427€ | -26.6% | 3 | 736€ |
| 1936 | Hakuna Matata Limited03411354 · Podgorica | <0.1% | 42,954€ | +7.4% | 255€ | 0.6% | 4 | 499€ |
| 1937 | Maritime Adriatic Club03166902 · Podgorica | <0.1% | 42,881€ | +141.8% | 2,990€ | 7.0% | 2 | 803€ |
| 1938 | Lanterna02432846 · Bar | <0.1% | 42,849€ | -29.6% | 211€ | 0.5% | 3 | 353€ |
| 1939 | Mandić Ipon 103342140 · Herceg Novi | <0.1% | 42,768€ | +2,976.8% | 1,734€ | 4.1% | 2 | 375€ |
| 1940 | Mandić Ipon02272784 · Herceg Novi | <0.1% | 42,768€ | -6.1% | 1,734€ | 4.1% | 2 | 375€ |
| 1941 | Seaball Co03708110 · Bar | <0.1% | 42,417€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,781€ | -30.1% | 3 | 608€ |
| 1942 | Pomodorino03635180 · Tivat | <0.1% | 42,349€ | -20.5% | -16,051€ | -37.9% | 2 | 725€ |
| 1943 | Con Amore03229017 · Budva | <0.1% | 42,334€ | -31.4% | -31,882€ | -75.3% | 1 | 871€ |
| 1944 | Top Taste03663922 · Bar | <0.1% | 42,331€ | +82.8% | 2,687€ | 6.3% | 2 | 515€ |
| 1945 | Skopski03722732 · Podgorica | <0.1% | 42,308€ | No filing for 2024. | -7,084€ | -16.7% | 2 | 543€ |
| 1946 | Euro Pizza02938332 · Ulcinj | <0.1% | 42,296€ | -10.2% | -21,590€ | -51.0% | 3 | 635€ |
| 1947 | B-Elite03180913 · Budva | <0.1% | 42,153€ | +15.8% | 6,429€ | 15.3% | 1 | 981€ |
| 1948 | San Remo DS03070956 · Pljevlja | <0.1% | 42,142€ | +8.5% | -2,324€ | -5.5% | 4 | 379€ |
| 1949 | Club Di03014207 · Herceg Novi | <0.1% | 41,841€ | +42.4% | 8,742€ | 20.9% | 2 | 675€ |
| 1950 | Bevenja Company03545466 · Bar | <0.1% | 41,577€ | +0.5% | -5,667€ | -13.6% | 3 | 631€ |