Revenue
1.1% of sector revenue
20 companies earned 15.68m€ in 2025, 1.1% of Manufacturing sector revenue. Revenue has grown 3.7× since 2015.
1.1% of sector revenue
9 with at most one employee
Largest employer: Water Group (82)
Median company 4.0% · 50% profitable
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
Revenue change vs 2024, companies with at least 1m€ that year
Employees and payroll cost per employee per month*
Ranked by total revenue · Showing 1–20 of 20
* 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 →
The activity title is the code's title in the KD 2010 classification (NACE Rev. 2), which applies to every year shown. The registry now shows titles from the new classification for the same codes, so titles can differ.
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 4,203,723€ | 14 |
| 2016 | 3,946,644€ | 15 |
| 2017 | 4,579,454€ | 17 |
| 2018 | 5,195,656€ | 15 |
| 2019 | 6,473,638€ | 17 |
| 2020 | 4,697,841€ | 15 |
| 2021 | 8,156,562€ | 16 |
| 2022 | 10,815,832€ | 16 |
| 2023 | 12,683,744€ | 17 |
| 2024 | 14,620,073€ | 18 |
| 2025 (Preliminary) | 15,684,167€ | 20 |
22.1% |
| 3,467,391€ |
| +15.8% |
| 136,974€ |
| 4.0% |
| 5 |
| 2,098€ |
| 3 | Aqua Bianca02448718 · Podgorica | 18.0% | 2,826,487€ | +6.4% | 402,480€ | 14.2% | 29 | 1,391€ |
| 4 | Eko - Per02390221 · Šavnik | 13.0% | 2,035,834€ | +17.6% | 103,619€ | 5.1% | 25 | 1,234€ |
| 5 | Nera02130467 · Tuzi | 2.8% | 435,614€ | +314.1% | 274,492€ | 63.0% | 2 | 1,782€ |
| 6 | Bio - Pak Lečić Ortačko Društvo Lečić Ljubiša i DR02331594 · Herceg Novi | 0.8% | 123,943€ | -24.8% | 2,833€ | 2.3% | 1 | 684€ |
| 7 | GL Distribucija CG02787458 · Podgorica | 0.4% | 57,300€ | -28.1% | 8,409€ | 14.7% | 1 | 1,064€ |
| 8 | Božja Voda02395789 · Cetinje | 0.3% | 51,188€ | -8.2% | -520,047€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 3,869€ |
| 9 | Grishin S.V.03493342 · Bar | 0.2% | 37,346€ | +54.9% | -4,556€ | -12.2% | 3 | 452€ |
| 10 | Juice Factory03253422 · Podgorica | 0.2% | 27,107€ | No filing for 2024. | -2,320€ | -8.6% | 1 | 339€ |
| 11 | 19. Avgust02836475 · Tivat | 0.2% | 27,037€ | +111.8% | 1,392€ | 5.1% | 1 | 675€ |
| 12 | Vega BD03127168 · Budva | 0.2% | 26,239€ | +15.8% | -9,398€ | -35.8% | 2 | 677€ |
| 13 | Jugopapir02083795 · Bar | <0.1% | 10,484€ | +1,048,300.0% | 355€ | 3.4% | 3 | — |
| 14 | Lympharm03686795 · Nikšić | <0.1% | 7,793€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 2,739€ | 35.1% | 1 | — |
| 15 | Kolanbur03456293 · Bar | <0.1% | 4,920€ | -22.2% | -26,062€ | -529.7% | 1 | 339€ |
| 16 | Azs Investment Group03757838 · Podgorica | 0.0% | 0€ | No filing for 2024. | -11,633€ | — | 3 | — |
| 17 | Monte Minerale03140911 · Podgorica | 0.0% | 0€ | -100.0% | -34,131€ | — | 2 | 867€ |
| 18 | Organic Technology03343839 · Tivat | 0.0% | 0€ | -100.0% | -2,418€ | — | 1 | — |
| 19 | Union Aliment02894408 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -33,766€ | — | 1 | 678€ |
| 20 | Nature Technology03273067 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -26,956€ | — | 3 | 419€ |