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 151–200 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* |
|---|
| 151 | Becovic Menagement Group02440059 · Ulcinj | 0.1% | 1,315,812€ | -4.4% | -677,894€ | -51.5% | 27 | 1,933€ |
| 152 | Morski Talas03158888 · Budva | 0.1% | 1,302,791€ | -7.0% | 243,281€ | 18.7% | 22 | 1,063€ |
| 153 | Shilo M03160785 · Budva | 0.1% | 1,295,411€ | -2.9% | 17,382€ | 1.3% | 28 | 1,456€ |
| 154 | Sunraf Beach Properties03156745 · Budva | 0.1% | 1,282,409€ | -41.1% | -235,158€ | -18.3% | 8 | 845€ |
| 155 | Altaur03360822 · Bar | 0.1% | 1,281,692€ | +10.8% | 32,660€ | 2.5% | 32 | 996€ |
| 156 | Manor Hotels03381145 · Tivat | <0.1% | 1,272,396€ | +6.9% | 52,128€ | 4.1% | 24 | 1,340€ |
| 157 | Nikol Montenegro03115291 · Kotor | <0.1% | 1,258,782€ | +31.9% | 217,486€ | 17.3% | 18 | 1,545€ |
| 158 | Vadjon02400758 · Budva | <0.1% | 1,258,573€ | -0.5% | 268,017€ | 21.3% | 16 | 1,369€ |
| 159 | Šerer02977044 · Podgorica | <0.1% | 1,257,891€ | +31.5% | 206,550€ | 16.4% | 13 | 1,122€ |
| 160 | Fancy Montenegro02780917 · Budva | <0.1% | 1,256,575€ | +13.1% | 127,643€ | 10.2% | — | — |
| 161 | Shanghai02914859 · Budva | <0.1% | 1,256,566€ | -11.2% | 48,877€ | 3.9% | 21 | 2,060€ |
| 162 | Ice Cool03287262 · Kotor | <0.1% | 1,254,412€ | +21.1% | 348,838€ | 27.8% | 16 | 2,209€ |
| 163 | Itag Novi03603296 · Herceg Novi | <0.1% | 1,253,180€ | -2.6% | 210,258€ | 16.8% | 32 | 1,179€ |
| 164 | Center03178919 · Podgorica | <0.1% | 1,247,117€ | +49.0% | 34,208€ | 2.7% | 5 | 1,395€ |
| 165 | Zen Management03233049 · Tivat | <0.1% | 1,234,619€ | +85.3% | 142,283€ | 11.5% | 14 | 1,690€ |
| 166 | Mornar Group03167160 · Bar | <0.1% | 1,220,958€ | +120.1% | 162,500€ | 13.3% | 12 | 807€ |
| 167 | Larry & Brother's Company02057760 · Kotor | <0.1% | 1,219,526€ | +23.6% | 242,174€ | 19.9% | 22 | 1,460€ |
| 168 | La Miniera03335747 · Kotor | <0.1% | 1,219,279€ | -28.1% | -462,729€ | -38.0% | 27 | 2,002€ |
| 169 | Cabo03086208 · Ulcinj | <0.1% | 1,213,974€ | +2.9% | 37,160€ | 3.1% | 10 | 1,091€ |
| 170 | Gufo02140845 · Podgorica | <0.1% | 1,209,401€ | +16.3% | 47,940€ | 4.0% | 11 | 1,214€ |
| 171 | Avanglion - CG02399644 · Budva | <0.1% | 1,200,413€ | +65.7% | 248,495€ | 20.7% | 15 | 1,214€ |
| 172 | Lu Monte02305666 · Bijelo Polje | <0.1% | 1,188,734€ | +6.6% | 68,428€ | 5.8% | 35 | 945€ |
| 173 | Hemera02863600 · Podgorica | <0.1% | 1,185,464€ | -2.6% | 17,189€ | 1.4% | 30 | 1,252€ |
| 174 | Praxis02955113 · Budva | <0.1% | 1,184,238€ | +12.3% | -93,780€ | -7.9% | 29 | 1,258€ |
| 175 | Lemiko-Impex02235374 · Ulcinj | <0.1% | 1,175,833€ | +1.4% | 72,963€ | 6.2% | 29 | 1,137€ |
| 176 | September Hotels02856484 · Tivat | <0.1% | 1,173,467€ | +29.5% | 50,032€ | 4.3% | 33 | 966€ |
| 177 | Almeco02707233 · Podgorica | <0.1% | 1,162,270€ | -11.8% | 235,310€ | 20.2% | 14 | 1,102€ |
| 178 | Bip Hotels03032612 · Podgorica | <0.1% | 1,155,705€ | -30.2% | -287,411€ | -24.9% | 23 | 822€ |
| 179 | Fontana Centar03161617 · Budva | <0.1% | 1,149,760€ | -19.2% | -285,521€ | -24.8% | 35 | 1,195€ |
| 180 | Jo-Pe-La03065286 · Budva | <0.1% | 1,144,342€ | -2.4% | 398,696€ | 34.8% | 15 | 856€ |
| 181 | Jekon02004178 · Bijelo Polje | <0.1% | 1,117,990€ | +3.6% | 104,505€ | 9.3% | 20 | 753€ |
| 182 | Lighthouse of Montenegro02770164 · Herceg Novi | <0.1% | 1,105,943€ | +13.7% | 52,968€ | 4.8% | 23 | 1,114€ |
| 183 | Unikop Omnia03166180 · Budva | <0.1% | 1,091,452€ | +10.6% | -61,184€ | -5.6% | 10 | 4,205€ |
| 184 | Cinema Plus03084094 · Budva | <0.1% | 1,088,957€ | +36.4% | 3,038€ | 0.3% | 25 | 704€ |
| 185 | Ansas Trade02175347 · Podgorica | <0.1% | 1,088,197€ | +8.4% | 34,117€ | 3.1% | 35 | 734€ |
| 186 | Catering Park03479803 · Budva | <0.1% | 1,079,745€ | +10.1% | 236,487€ | 21.9% | 22 | 1,056€ |
| 187 | Netto - Prom02347555 · Podgorica | <0.1% | 1,078,915€ | +19.6% | 243,368€ | 22.6% | 14 | 1,109€ |
| 188 | Hills Beach03260011 · Ulcinj | <0.1% | 1,077,836€ | -5.2% | 388,436€ | 36.0% | 9 | 505€ |
| 189 | Jakšić03279812 · Kotor | <0.1% | 1,070,701€ | +5.5% | 133,148€ | 12.4% | 21 | 956€ |
| 190 | Golden Investment Group03313140 · Nikšić | <0.1% | 1,067,521€ | +67.6% | -442,419€ | -41.4% | 17 | 1,039€ |
| 191 | Piastra02658542 · Kotor | <0.1% | 1,062,610€ | +38.0% | 152,662€ | 14.4% | 25 | 603€ |
| 192 | PR Food Group03350797 · Podgorica | <0.1% | 1,062,459€ | +77.5% | 23,868€ | 2.2% | 10 | 811€ |
| 193 | Dva Kapetana03347583 · Budva | <0.1% | 1,053,988€ | -2.1% | -15,361€ | -1.5% | 29 | 1,156€ |
| 194 | Courier Eco02809940 · Bar | <0.1% | 1,043,417€ | +5.6% | 33,095€ | 3.2% | 24 | 969€ |
| 195 | Lingu02463407 · Kotor | <0.1% | 1,041,894€ | +10.0% | 30,966€ | 3.0% | 22 | 914€ |
| 196 | Keramika Babović02338220 · Bar | <0.1% | 1,041,380€ | +16.9% | 17,327€ | 1.7% | 17 | 1,010€ |
| 197 | GS Company02891778 · Podgorica | <0.1% | 1,036,997€ | +1.3% | 73,389€ | 7.1% | 30 | 723€ |
| 198 | Kupo&Toko03303985 · Ulcinj | <0.1% | 1,036,698€ | -21.2% | 102,684€ | 9.9% | 9 | 1,182€ |
| 199 | Pod Bedem03246850 · Bar | <0.1% | 1,035,923€ | +3.3% | 115,991€ | 11.2% | 17 | 1,573€ |
| 200 | Banfi02082586 · Kotor | <0.1% | 1,034,216€ | -8.8% | 56,396€ | 5.5% | 15 | 1,774€ |