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 1951–2000 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* |
|---|
| 1951 | Mandak02972174 · Podgorica | <0.1% | 41,496€ | -1.3% | 89€ | 0.2% | 2 | 642€ |
| 1952 | M & N Komerc02793458 · Podgorica | <0.1% | 41,460€ | +194.7% | 4,155€ | 10.0% | 2 | 508€ |
| 1953 | Barikton02113660 · Herceg Novi | <0.1% | 41,425€ | +26.8% | -1,416€ | -3.4% | 2 | 675€ |
| 1954 | Elektro Plus02780437 · Kotor | <0.1% | 41,326€ | -32.6% | -5,146€ | -12.5% | 4 | 579€ |
| 1955 | Ibp Bulatović02866200 · Podgorica | <0.1% | 41,250€ | -3.4% | -25,825€ | -62.6% | 2 | 779€ |
| 1956 | Marsenić Gradnja03369544 · Budva | <0.1% | 41,203€ | +165.6% | 1,375€ | 3.3% | 2 | 509€ |
| 1957 | Hospitality International03548422 · Budva | <0.1% | 41,080€ | +1,346.5% | 3,498€ | 8.5% | 1 | 680€ |
| 1958 | Raos03556468 · Mojkovac | <0.1% | 40,804€ | +7.6% | -16,299€ | -39.9% | 3 | 919€ |
| 1959 | Rio Maja03619427 · Podgorica | <0.1% | 40,703€ | +18.1% | 1,815€ | 4.5% | 1 | 343€ |
| 1960 | Dextra03056406 · Podgorica | <0.1% | 40,697€ | +29.1% | -4,181€ | -10.3% | 3 | 360€ |
| 1961 | Arrow Montenegro03372804 · Tivat | <0.1% | 40,679€ | +127.4% | -11,307€ | -27.8% | 1 | 906€ |
| 1962 | Pejović Company02157179 · Herceg Novi | <0.1% | 40,589€ | +28.0% | -14,492€ | -35.7% | 3 | 628€ |
| 1963 | Kalina Mont03353389 · Ulcinj | <0.1% | 40,554€ | +11.9% | -27,795€ | -68.5% | 2 | 749€ |
| 1964 | Sailors03710173 · Budva | <0.1% | 40,459€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -30,542€ | -75.5% | 4 | 716€ |
| 1965 | Nimas03009076 · Podgorica | <0.1% | 40,365€ | -8.3% | -4,913€ | -12.2% | 2 | 678€ |
| 1966 | Pkkub03732975 · Podgorica | <0.1% | 40,285€ | No filing for 2024. | -17,610€ | -43.7% | 3 | 699€ |
| 1967 | Boss Group03281965 · Bijelo Polje | <0.1% | 39,920€ | -15.1% | -33,657€ | -84.3% | 6 | 479€ |
| 1968 | Grand Central03705234 · Cetinje | <0.1% | 39,919€ | +1,007.0% | 163€ | 0.4% | 1 | 591€ |
| 1969 | Mass Efect03035107 · Bar | <0.1% | 39,896€ | -57.4% | -47,456€ | -118.9% | 1 | 677€ |
| 1970 | Zan02710773 · Ulcinj | <0.1% | 39,869€ | -47.1% | -22,802€ | -57.2% | 1 | 1,203€ |
| 1971 | Marina HN03467732 · Herceg Novi | <0.1% | 39,568€ | +0.7% | -5,889€ | -14.9% | 3 | 634€ |
| 1972 | Life Caffe03245578 · Pljevlja | <0.1% | 39,554€ | +4.0% | -5,445€ | -13.8% | 3 | 571€ |
| 1973 | Braća Koković03663973 · Kotor | <0.1% | 39,518€ | +8.0% | -6,881€ | -17.4% | 2 | 927€ |
| 1974 | Restoran Jokića02696096 · Nikšić | <0.1% | 39,408€ | +9.3% | -2,045€ | -5.2% | 3 | 409€ |
| 1975 | Daisy Sita03420230 · Budva | <0.1% | 39,373€ | -49.3% | -17,806€ | -45.2% | 3 | 1,182€ |
| 1976 | Afrodita Group03347044 · Bijelo Polje | <0.1% | 39,373€ | +10.2% | 1,985€ | 5.0% | 3 | 832€ |
| 1977 | Eagle02952157 · Nikšić | <0.1% | 39,253€ | +3.0% | -1,374€ | -3.5% | 2 | 677€ |
| 1978 | Le Padrino 200003661784 · Berane | <0.1% | 39,190€ | +262.8% | 5,012€ | 12.8% | 3 | 605€ |
| 1979 | Plaža Man03575039 · Plužine | <0.1% | 39,094€ | +38.4% | -1,464€ | -3.7% | 3 | 426€ |
| 1980 | Slatka Tačka03657116 · Bar | <0.1% | 39,066€ | +38.3% | -13,195€ | -33.8% | 3 | 650€ |
| 1981 | Lambretta03093921 · Budva | <0.1% | 39,000€ | +13.9% | 22,752€ | 58.3% | 1 | 799€ |
| 1982 | Hotel Ravnjak02024578 · Podgorica | <0.1% | 38,941€ | -62.5% | -49,949€ | -128.3% | 3 | 662€ |
| 1983 | Fiki A Food03603547 · Podgorica | <0.1% | 38,714€ | +81.4% | 1,474€ | 3.8% | 1 | 333€ |
| 1984 | David M. V.02936658 · Bar | <0.1% | 38,685€ | -78.7% | -62,871€ | -162.5% | 3 | 734€ |
| 1985 | North Coffee Shop03290166 · Budva | <0.1% | 38,587€ | -18.3% | -3,209€ | -8.3% | 2 | 911€ |
| 1986 | Nostro Mare03520323 · Bar | <0.1% | 38,363€ | -42.0% | 2,782€ | 7.3% | 1 | 1,307€ |
| 1987 | Duo-Mil03358186 · Pljevlja | <0.1% | 38,312€ | +44.3% | -3,023€ | -7.9% | 2 | 761€ |
| 1988 | Kvins Company03289559 · Podgorica | <0.1% | 38,251€ | -18.9% | -21,876€ | -57.2% | 3 | 708€ |
| 1989 | The Coffee Haven03727572 · Budva | <0.1% | 38,160€ | No filing for 2024. | 607€ | 1.6% | 2 | 718€ |
| 1990 | Rale Grmeč03161048 · Berane | <0.1% | 38,151€ | -9.6% | 475€ | 1.2% | 3 | 820€ |
| 1991 | Udruženje za Sport i Rekreaciju Invalida02018942 · Kotor | <0.1% | 38,049€ | +84.1% | 3,141€ | 8.3% | 2 | 355€ |
| 1992 | Kaimi-0203664627 · Plužine | <0.1% | 37,999€ | +89.7% | -1,328€ | -3.5% | 3 | 629€ |
| 1993 | Ražnatović Cetinje02457679 · Cetinje | <0.1% | 37,933€ | +3.7% | 7,452€ | 19.6% | 1 | 675€ |
| 1994 | Mala Plaža02718367 · Ulcinj | <0.1% | 37,908€ | -6.1% | 4,530€ | 11.9% | 2 | 426€ |
| 1995 | Paun03127613 · Podgorica | <0.1% | 37,885€ | +109.4% | 2,792€ | 7.4% | 2 | 506€ |
| 1996 | Giško A&A03289273 · Podgorica | <0.1% | 37,877€ | +38.6% | -8,033€ | -21.2% | 2 | 805€ |
| 1997 | Voksi03415511 · Nikšić | <0.1% | 37,792€ | +28.1% | -5,547€ | -14.7% | 3 | 528€ |
| 1998 | Castello Group03029271 · Bar | <0.1% | 37,558€ | -27.4% | 202€ | 0.5% | 2 | 1,034€ |
| 1999 | Joksi03657442 · Danilovgrad | <0.1% | 37,527€ | +85.4% | -4,243€ | -11.3% | 2 | 874€ |
| 2000 | Bedem 202003321371 · Nikšić | <0.1% | 37,506€ | +44.2% | -726€ | -1.9% | 3 | 679€ |