Revenue
55.0% of Montenegro's revenue
12,148 companies earned 9.71b€ in 2025, 55.0% of all company revenue in Montenegro. It ranks 1 of 25 municipalities by revenue. Revenue has grown 2.7× since 2015.
55.0% of Montenegro's revenue
67.7 per 1,000 residents · Montenegro 57.3
Largest employer: Idea - CG (2,426)
Total profit: 748.64m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 3,587,068,765€ | 5,044 |
| 2016 | 4,096,949,470€ | 5,487 |
| 2017 | 4,709,755,484€ | 6,109 |
| 2018 | 5,118,600,583€ | 6,927 |
| 2019 | 5,323,922,814€ | 7,518 |
| 2020 | 4,709,522,069€ | 8,027 |
| 2021 | 5,608,587,707€ | 8,567 |
| 2022 | 6,799,397,294€ | 9,638 |
| 2023 | 8,203,771,212€ | 11,057 |
| 2024 | 8,801,908,063€ | 11,952 |
| 2025 (Preliminary) | 9,708,565,989€ | 12,148 |
Companies are assigned to the municipality of their current seat for every year
Growth is measured on the same companies, which filed for both years.
Share of municipal revenue
Share in MontenegroRevenue change vs 2024, companies with at least 1m€ that year
Employees and payroll cost per employee per month*
Ranked by total revenue · Showing 1–50 of 2,695
* 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 →
| Employees |
|---|
| Payroll cost/emp./mo* |
|---|
| 1 | Voli Trade02227312 · Trade | 4.0% | 390,143,159€ | +5.8% | 16,066,500€ | 4.1% | 2,406 | 1,143€ |
| 2 | Hard Discount Laković02739500 · Trade | 3.0% | 294,229,601€ | +13.1% | 12,537,202€ | 4.3% | 1,724 | 961€ |
| 3 | Idea - CG02793962 · Trade | 2.8% | 275,741,990€ | -3.9% | 1,373,027€ | 0.5% | 2,426 | 1,094€ |
| 4 | Jugopetrol02013258 · Trade | 2.6% | 251,470,488€ | -2.2% | 9,370,773€ | 3.7% | 107 | 2,937€ |
| 5 | Montefarm02017105 · Trade | 1.9% | 181,800,827€ | +8.8% | 353,449€ | 0.2% | 561 | 1,380€ |
| 6 | Domaća Trgovina02440261 · Trade | 1.7% | 161,367,790€ | +16.2% | 4,103,964€ | 2.5% | 1,440 | 1,139€ |
| 7 | Glosarij02118912 · Trade | 1.6% | 159,843,713€ | +10.2% | 7,648,423€ | 4.8% | 183 | 1,986€ |
| 8 | Bar-Kod02289334 · Trade | 1.5% | 145,278,300€ | +14.0% | 4,326,327€ | 3.0% | 441 | 1,369€ |
| 9 | S Press +02983486 · Trade | 1.2% | 117,421,904€ | +17.5% | 843,075€ | 0.7% | 201 | 1,358€ |
| 10 | Ina - Crna Gora02305054 · Trade | 1.2% | 113,646,187€ | +18.2% | 1,003,995€ | 0.9% | 142 | 1,904€ |
| 11 | Plus03024938 · Trade | 1.1% | 104,939,098€ | +20.7% | 4,079,422€ | 3.9% | 34 | 2,765€ |
| 12 | Okov02226782 · Trade | 0.9% | 87,842,560€ | +11.1% | 12,932,593€ | 14.7% | 559 | 1,278€ |
| 13 | Kips02047403 · Trade | 0.9% | 85,717,779€ | -4.5% | 6,933,247€ | 8.1% | 449 | 1,234€ |
| 14 | Nelt Mne02313707 · Trade | 0.7% | 70,256,885€ | +21.5% | 3,711,733€ | 5.3% | 391 | 1,534€ |
| 15 | Tehno Max02404281 · Trade | 0.7% | 68,478,864€ | +12.8% | 4,561,050€ | 6.7% | 291 | 1,147€ |
| 16 | Stadion02077698 · Trade | 0.7% | 68,415,578€ | +3.0% | 1,552,303€ | 2.3% | 224 | 1,535€ |
| 17 | Tobacco S Press02983303 · Trade | 0.7% | 67,196,360€ | +0.5% | 324,483€ | 0.5% | 786 | 878€ |
| 18 | Farmegra02281864 · Trade | 0.7% | 66,253,183€ | +3.2% | 2,943,314€ | 4.4% | 90 | 1,645€ |
| 19 | DMD Delta02329115 · Trade | 0.6% | 58,884,454€ | +7.1% | 2,450,066€ | 4.2% | 75 | 2,045€ |
| 20 | Petrol Crna Gora Mne02675889 · Trade | 0.6% | 53,977,345€ | -8.5% | 1,635,483€ | 3.0% | 152 | 1,136€ |
| 21 | Coca-Cola Hellenic Bottling Company-Crna Gora02303213 · Trade | 0.5% | 52,952,440€ | +6.1% | 877,616€ | 1.7% | 24 | 2,769€ |
| 22 | MPM02047861 · Trade | 0.5% | 52,629,879€ | +11.5% | 2,207,919€ | 4.2% | 434 | 1,550€ |
| 23 | Lukoil Montenegro02630419 · Trade | 0.5% | 46,406,987€ | -2.8% | 1,956,115€ | 4.2% | 109 | 1,361€ |
| 24 | Tabacco Shop02378299 · Trade | 0.5% | 45,959,755€ | +20.1% | 922,485€ | 2.0% | 542 | 819€ |
| 25 | Sport Vision03187608 · Trade | 0.4% | 40,206,482€ | +13.4% | 5,753,083€ | 14.3% | 333 | 1,266€ |
| 26 | Vcag03237656 · Trade | 0.4% | 40,103,222€ | -3.5% | 3,676,072€ | 9.2% | 2 | 804€ |
| 27 | Inditex Montenegro02697904 · Trade | 0.4% | 39,935,102€ | +6.4% | 2,701,409€ | 6.8% | 184 | 884€ |
| 28 | Xenergy02766515 · Trade | 0.4% | 37,446,256€ | -28.6% | 3,447,492€ | 9.2% | 46 | 2,366€ |
| 29 | Kmag,kia Motors Adria Group02745747 · Trade | 0.4% | 35,334,771€ | -13.9% | 587,248€ | 1.7% | 2 | 767€ |
| 30 | Volvox Materials&Construction03689697 · Trade | 0.3% | 33,249,885€ | +431.4% | 1,658,677€ | 5.0% | 66 | 1,828€ |
| 31 | Rokšped Auto Centar02976820 · Trade | 0.3% | 32,849,241€ | +3.9% | 801,786€ | 2.4% | 51 | 2,166€ |
| 32 | Comtrade Distribution02297248 · Trade | 0.3% | 32,110,026€ | -3.8% | 1,430,781€ | 4.5% | 29 | 3,413€ |
| 33 | Fashion Company02456907 · Trade | 0.3% | 30,672,383€ | +19.2% | 4,874,613€ | 15.9% | 150 | 1,085€ |
| 34 | Klikovac02191601 · Trade | 0.3% | 27,220,292€ | +7.4% | 675,030€ | 2.5% | 125 | 1,019€ |
| 35 | Cemex Montenegro02270803 · Trade | 0.3% | 26,684,935€ | +10.2% | 792,148€ | 3.0% | 8 | 3,247€ |
| 36 | Alliance02165473 · Trade | 0.3% | 26,284,174€ | +17.5% | 510,589€ | 1.9% | 82 | 1,909€ |
| 37 | TCK Montenegro02655373 · Trade | 0.3% | 26,206,957€ | +6.2% | 633,327€ | 2.4% | 1 | 718€ |
| 38 | Ledo02126265 · Trade | 0.3% | 26,047,566€ | No filing for 2024. | 1,330,063€ | 5.1% | 114 | 3,594€ |
| 39 | Multicom Retail02759535 · Trade | 0.3% | 25,651,468€ | +32.8% | 287,800€ | 1.1% | 120 | 1,303€ |
| 40 | Tea Medica02404184 · Trade | 0.3% | 24,413,901€ | +4.9% | 1,318,228€ | 5.4% | 210 | 1,258€ |
| 41 | Euro Petrol CG02925940 · Trade | 0.2% | 23,538,570€ | +20.6% | 217,636€ | 0.9% | 39 | 1,992€ |
| 42 | Carlsberg Montenegro02657457 · Trade | 0.2% | 22,907,450€ | +5.4% | 1,561,029€ | 6.8% | 31 | 1,893€ |
| 43 | LC Waikiki Retail Mne Podgorica03194817 · Trade | 0.2% | 21,429,051€ | +7.7% | 2,453,183€ | 11.4% | 135 | 1,314€ |
| 44 | Glosarij CD02894998 · Trade | 0.2% | 20,129,791€ | +9.1% | 6,101,912€ | 30.3% | 20 | 2,603€ |
| 45 | Kim Tec CG02438372 · Trade | 0.2% | 19,006,331€ | -30.9% | 1,402,917€ | 7.4% | 33 | 1,780€ |
| 46 | Dajković Co Namos02333325 · Trade | 0.2% | 18,142,233€ | +7.3% | 3,112,885€ | 17.2% | 107 | 1,959€ |
| 47 | Home Systems02709392 · Trade | 0.2% | 17,856,524€ | +10.6% | 2,289,266€ | 12.8% | 49 | 1,377€ |
| 48 | Swisslion Takovo02645874 · Trade | 0.2% | 17,543,752€ | -3.4% | -153,973€ | -0.9% | 177 | 859€ |
| 49 | Entext02086484 · Trade | 0.2% | 17,243,889€ | No filing for 2024. | 169,397€ | 1.0% | 106 | 1,359€ |
| 50 | Vegapharm Mne02194007 · Trade | 0.2% | 17,120,523€ | +7.3% | 422,221€ | 2.5% | 176 | 1,141€ |