Revenue
2.2% of sector revenue
135 companies earned 31.13m€ in 2025, 2.2% of Manufacturing sector revenue. Revenue has grown 2.4× since 2015.
2.2% of sector revenue
56 with at most one employee
Largest employer: Merkator International (101)
Median company 2.5% · 65% 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
Ranked by total revenue · Showing 1–50 of 135
* 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 2 sole proprietors: natural persons whose statements are shown only in aggregate, never by name. The company count excludes them. 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 | 13,086,464€ | 81 |
| 2016 | 18,555,816€ | 89 |
| 2017 | 16,661,589€ | 94 |
| 2018 | 16,915,942€ | 97 |
| 2019 | 18,686,792€ | 103 |
| 2020 | 15,670,788€ | 106 |
| 2021 | 17,352,718€ | 110 |
| 2022 | 22,220,773€ | 113 |
| 2023 | 26,498,220€ | 122 |
| 2024 | 27,825,300€ | 123 |
| 2025 (Preliminary) | 31,130,241€ | 135 |
Employees and payroll cost per employee per month*
7.5% |
| 2,347,860€ |
| +40.3% |
| 549,613€ |
| 23.4% |
| 20 |
| 1,240€ |
| 3 | Grafo Group02957574 · Podgorica | 4.2% | 1,311,258€ | +17.6% | 45,617€ | 3.5% | 15 | 1,042€ |
| 4 | 3M-Makarije02310864 · Podgorica | 3.7% | 1,146,994€ | +8.6% | 265,258€ | 23.1% | 23 | 1,108€ |
| 5 | Promotion02754614 · Podgorica | 3.6% | 1,111,666€ | +18.4% | 139,331€ | 12.5% | 17 | 1,292€ |
| 6 | Obod02004704 · Cetinje | 3.5% | 1,097,410€ | +22.4% | 174,487€ | 15.9% | 18 | 1,162€ |
| 7 | Spider-Max02869152 · Podgorica | 3.0% | 940,016€ | -4.8% | 137,746€ | 14.7% | 18 | 1,177€ |
| 8 | Ap Print02416786 · Podgorica | 2.8% | 860,790€ | -8.5% | 80,044€ | 9.3% | 24 | 724€ |
| 9 | MX02753995 · Podgorica | 2.3% | 724,257€ | +3.8% | 89,218€ | 12.3% | 6 | 1,641€ |
| 10 | Printhouse03023923 · Podgorica | 2.0% | 620,725€ | +6.6% | 5,957€ | 1.0% | 7 | 720€ |
| 11 | Štamparija Ostojić02361396 · Podgorica | 1.8% | 559,305€ | +45.2% | 743€ | 0.1% | 3 | 842€ |
| 12 | S T E F A N i 9102126427 · Danilovgrad | 1.6% | 513,402€ | -0.8% | 31,126€ | 6.1% | 14 | 697€ |
| 13 | Ras Press02304678 · Nikšić | 1.6% | 503,625€ | -2.2% | 67,054€ | 13.3% | 5 | 874€ |
| 14 | Firmoprom02214377 · Podgorica | 1.6% | 495,920€ | -2.3% | 1,642€ | 0.3% | 10 | 1,005€ |
| 15 | Art-Grafika02280736 · Nikšić | 1.6% | 493,241€ | -1.8% | 87,416€ | 17.7% | 8 | 717€ |
| 16 | Brain Media03150321 · Podgorica | 1.6% | 489,788€ | -15.5% | 78,482€ | 16.0% | 9 | 1,097€ |
| 17 | Pro File02668262 · Podgorica | 1.5% | 457,459€ | -17.5% | 4,073€ | 0.9% | 4 | 761€ |
| 18 | Primo Design02638207 · Podgorica | 1.4% | 448,920€ | -0.0% | 12,094€ | 2.7% | 5 | 1,415€ |
| 19 | Pogon03103943 · Podgorica | 1.3% | 394,605€ | +35.3% | 12,420€ | 3.1% | 2 | 1,652€ |
| 20 | Radna Soba02998980 · Podgorica | 1.3% | 390,165€ | -24.1% | 36,040€ | 9.2% | 9 | 1,157€ |
| 21 | Komo02728559 · Nikšić | 1.2% | 376,577€ | +16.8% | 40,773€ | 10.8% | 7 | 987€ |
| 22 | Grafo Bale02451131 · Podgorica | 1.1% | 352,202€ | -20.5% | -34,162€ | -9.7% | 2 | 1,174€ |
| 23 | Biro Konto03382974 · Herceg Novi | 1.0% | 315,369€ | +9.2% | 65,333€ | 20.7% | 10 | 712€ |
| 24 | Studio Heber03129586 · Podgorica | 1.0% | 307,126€ | +33.5% | 12,101€ | 3.9% | 3 | 1,953€ |
| 25 | Fotografika02696266 · Podgorica | 1.0% | 304,472€ | -11.3% | 1,798€ | 0.6% | 5 | 1,513€ |
| 26 | Vapor VK03280390 · Podgorica | 0.9% | 283,032€ | +13.7% | 12,260€ | 4.3% | 3 | 2,775€ |
| 27 | Monargo03083748 · Podgorica | 0.8% | 260,623€ | +0.4% | -56,866€ | -21.8% | 9 | 1,196€ |
| 28 | Grand Print02978253 · Podgorica | 0.8% | 253,390€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 250,979€ | 99.0% | 1 | — |
| 29 | Mehanoprint02668980 · Podgorica | 0.8% | 251,288€ | +92.6% | 1,283€ | 0.5% | 1 | 824€ |
| 30 | M Promo03034941 · Danilovgrad | 0.8% | 242,849€ | -20.7% | -25,347€ | -10.4% | 5 | 1,024€ |
| 31 | Shock Studio03062015 · Podgorica | 0.8% | 238,485€ | -1.1% | 24,549€ | 10.3% | 8 | 726€ |
| 32 | Universal Print03730077 · Podgorica | 0.8% | 236,205€ | No filing for 2024. | 25,799€ | 10.9% | 2 | 894€ |
| 33 | Click Print02985101 · Podgorica | 0.8% | 235,145€ | +1.2% | 7,931€ | 3.4% | 3 | 1,063€ |
| 34 | Ivpe02208091 · Cetinje | 0.7% | 229,189€ | +1.7% | 653€ | 0.3% | 7 | 510€ |
| 35 | Ingenious Solution03312089 · Podgorica | 0.7% | 208,231€ | -9.0% | 21,547€ | 10.3% | 5 | 836€ |
| 36 | Designbox02754622 · Podgorica | 0.7% | 204,654€ | -4.1% | 323€ | 0.2% | 3 | 1,203€ |
| 37 | Ink03044521 · Podgorica | 0.7% | 202,965€ | +71.6% | -9,764€ | -4.8% | 1 | 467€ |
| 38 | Žvaka03132021 · Podgorica | 0.6% | 194,701€ | +10.9% | 9,812€ | 5.0% | 2 | 2,708€ |
| 39 | Luktod03505928 · Podgorica | 0.6% | 192,281€ | +29.4% | 20,524€ | 10.7% | 9 | 523€ |
| 40 | Studio X02765799 · Podgorica | 0.6% | 183,592€ | +44.5% | 17,850€ | 9.7% | 2 | 1,137€ |
| 41 | Yus Trade02414481 · Podgorica | 0.5% | 167,060€ | -14.6% | 7,673€ | 4.6% | 2 | 820€ |
| 42 | Dimenzija Print03641945 · Podgorica | 0.5% | 161,994€ | +74.2% | 22,258€ | 13.7% | 2 | 1,376€ |
| 43 | JPC Print03615294 · Podgorica | 0.5% | 155,494€ | -1.5% | 10,376€ | 6.7% | 5 | 1,494€ |
| 44 | Bahus02730839 · Pljevlja | 0.5% | 153,991€ | +15.2% | 14,542€ | 9.4% | 4 | 598€ |
| 45 | MB Grafica02057280 · Podgorica | 0.5% | 147,183€ | +13.2% | 6,536€ | 4.4% | 3 | 1,774€ |
| 46 | Pixap02984989 · Kotor | 0.5% | 143,418€ | +2.3% | 2,380€ | 1.7% | 2 | 973€ |
| 47 | MM Print03564746 · Bijelo Polje | 0.5% | 143,178€ | +151.1% | 2,818€ | 2.0% | 2 | 3,412€ |
| 48 | Mins-Knežević02301423 | 0.4% | 138,560€ | +10.1% | 3,446€ | 2.5% | 2 | 615€ |
| 49 | Tipograf03027953 · Podgorica | 0.4% | 130,814€ | -2.7% | 3,240€ | 2.5% | 6 | 901€ |
| 50 | Zračak Nade02346249 · Pljevlja | 0.4% | 129,434€ | +10.8% | 0€ | 0.0% | 8 | 1,171€ |