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 201–250 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* |
|---|
| 201 | Profast03192083 · Podgorica | <0.1% | 1,033,874€ | +3.4% | 89,607€ | 8.7% | 15 | 1,320€ |
| 202 | Agro Sistem Ana02911035 · Nikšić | <0.1% | 1,033,783€ | +123.9% | 190,184€ | 18.4% | 32 | 537€ |
| 203 | Niagara02437031 · Tuzi | <0.1% | 1,028,887€ | -8.3% | 85,832€ | 8.3% | 18 | 674€ |
| 204 | F&B Group03310523 · Podgorica | <0.1% | 1,019,981€ | +11.0% | 92,210€ | 9.0% | 13 | 1,641€ |
| 205 | Piatto03353460 · Nikšić | <0.1% | 1,017,429€ | +34.6% | 96,712€ | 9.5% | 23 | 943€ |
| 206 | Mela & Rona03092160 · Ulcinj | <0.1% | 1,012,216€ | +48.1% | 318,096€ | 31.4% | 11 | 1,050€ |
| 207 | The Temperance Group03323439 · Podgorica | <0.1% | 1,009,615€ | -9.6% | 5,478€ | 0.5% | 27 | 1,264€ |
| 208 | Krost02944839 · Podgorica | <0.1% | 1,008,353€ | +4.4% | 220,213€ | 21.8% | 6 | 1,363€ |
| 209 | GP Group03719685 · Budva | <0.1% | 1,003,028€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 4,608€ | 0.5% | 6 | 5,558€ |
| 210 | Hotel Splendido Management Company02834545 · Kotor | <0.1% | 994,190€ | -9.3% | -95,423€ | -9.6% | 27 | 1,407€ |
| 211 | Ambiente Group03355179 · Budva | <0.1% | 992,948€ | +26.8% | 36,537€ | 3.7% | 2 | 9,533€ |
| 212 | Zene & Co03394964 · Ulcinj | <0.1% | 988,103€ | +6.4% | 166,068€ | 16.8% | 14 | 886€ |
| 213 | HM Durmitor02409798 · Žabljak | <0.1% | 984,002€ | -6.4% | 4,493€ | 0.5% | 33 | 671€ |
| 214 | Little Bay03347630 · Kotor | <0.1% | 969,554€ | +31.0% | 217,759€ | 22.5% | 3 | 393€ |
| 215 | Plaža Perla03227944 · Herceg Novi | <0.1% | 965,241€ | +36.4% | -16,850€ | -1.7% | 23 | 1,342€ |
| 216 | Žuti Zec03656012 · Podgorica | <0.1% | 964,040€ | +187.8% | 71,409€ | 7.4% | 18 | 1,591€ |
| 217 | Euromix-Trade02714884 · Podgorica | <0.1% | 962,103€ | -19.7% | -170,617€ | -17.7% | 5 | 1,955€ |
| 218 | Kosmos Kod03393542 · Podgorica | <0.1% | 949,225€ | +27.9% | -14,243€ | -1.5% | 15 | 1,546€ |
| 219 | Arapović Company02322544 · Herceg Novi | <0.1% | 943,223€ | +21.8% | 173,062€ | 18.3% | 18 | 1,103€ |
| 220 | Otrant Star03282503 · Bar | <0.1% | 935,436€ | +3,265.6% | -271,713€ | -29.0% | 22 | 708€ |
| 221 | Monte Vista03037215 · Cetinje | <0.1% | 933,383€ | -6.4% | 51,455€ | 5.5% | 15 | 2,050€ |
| 222 | Wanda03294684 · Podgorica | <0.1% | 924,990€ | +5.9% | 98,840€ | 10.7% | 14 | 1,193€ |
| 223 | Meat & Wine03119122 · Kotor | <0.1% | 924,639€ | No filing for 2024. | 228,667€ | 24.7% | 7 | 1,635€ |
| 224 | Wine Bar Cesare03226000 · Kotor | <0.1% | 924,639€ | -0.4% | 228,667€ | 24.7% | 7 | 1,635€ |
| 225 | Portorico02838290 · Kotor | <0.1% | 922,476€ | +0.7% | 154,055€ | 16.7% | 17 | 901€ |
| 226 | Adrimont03305422 · Herceg Novi | <0.1% | 914,520€ | +35.8% | 20,525€ | 2.2% | 20 | 1,303€ |
| 227 | Regent Resort03407241 · Nikšić | <0.1% | 912,898€ | +105.2% | 210,026€ | 23.0% | 14 | 1,004€ |
| 228 | Suntime02632934 · Budva | <0.1% | 910,179€ | -1.7% | -1,526,319€ | -167.7% | 28 | 1,221€ |
| 229 | Acd02426188 · Budva | <0.1% | 907,129€ | -5.2% | 24,976€ | 2.8% | 23 | 976€ |
| 230 | Elektro Centar Kalamper02695413 · Bar | <0.1% | 906,090€ | +17.8% | 79,339€ | 8.8% | 8 | 941€ |
| 231 | Hotel De'andros Virpazar03555330 · Bar | <0.1% | 903,977€ | +32.4% | 31,155€ | 3.4% | 34 | 1,247€ |
| 232 | 4 Asa03125572 · Podgorica | <0.1% | 903,292€ | +14.2% | 13,566€ | 1.5% | 20 | 1,259€ |
| 233 | Tate02918013 · Budva | <0.1% | 901,161€ | +16.2% | 211,339€ | 23.5% | 11 | 1,491€ |
| 234 | Arco & Co02931532 · Kotor | <0.1% | 893,883€ | -14.1% | 185,410€ | 20.7% | 15 | 1,373€ |
| 235 | Prehrana02015811 · Pljevlja | <0.1% | 889,870€ | +3.3% | -38,614€ | -4.3% | 36 | 727€ |
| 236 | Monte Juice03565866 · Podgorica | <0.1% | 886,489€ | +144.8% | 59,149€ | 6.7% | 10 | 1,640€ |
| 237 | Dely Tours02772272 · Ulcinj | <0.1% | 883,007€ | +0.6% | -144,238€ | -16.3% | 9 | 915€ |
| 238 | NV Group02873567 · Kolašin | <0.1% | 878,414€ | +156.5% | 4,008€ | 0.5% | 8 | 2,164€ |
| 239 | Grano03595919 · Tivat | <0.1% | 873,437€ | +9.4% | -194,994€ | -22.3% | 23 | 1,705€ |
| 240 | Beograd02661705 · Budva | <0.1% | 873,033€ | -1.4% | 81,170€ | 9.3% | 31 | 1,026€ |
| 241 | Signum Hotel03431606 · Podgorica | <0.1% | 872,210€ | +5.4% | 38,498€ | 4.4% | 23 | 1,377€ |
| 242 | S & V - Company02381613 · Podgorica | <0.1% | 860,891€ | +83.4% | -678,194€ | -78.8% | 15 | 1,668€ |
| 243 | Hattrick02163071 · Budva | <0.1% | 858,165€ | +12.6% | 224,936€ | 26.2% | 15 | 966€ |
| 244 | TRG PG03127737 · Podgorica | <0.1% | 852,730€ | +2.1% | 35,039€ | 4.1% | 21 | 1,211€ |
| 245 | Mnađ03328457 · Kotor | <0.1% | 844,598€ | +0.1% | 27,422€ | 3.2% | 15 | 1,121€ |
| 246 | Winnie the Pooh03076784 · Bar | <0.1% | 839,199€ | +8.6% | 66,117€ | 7.9% | 25 | 1,071€ |
| 247 | Živanić02292688 · Herceg Novi | <0.1% | 837,967€ | +10.2% | 179,585€ | 21.4% | 18 | 620€ |
| 248 | Casper Productio02448882 · Budva | <0.1% | 837,755€ | +14.5% | 97,057€ | 11.6% | 11 | 1,833€ |
| 249 | Ko-Company03088944 · Kotor | <0.1% | 836,419€ | +9.4% | 162,045€ | 19.4% | 16 | 836€ |
| 250 | Stellia Hospitality DFS03438651 · Podgorica | <0.1% | 831,055€ | -5.4% | 82,771€ | 10.0% | 9 | 2,217€ |