Revenue
2.5% of sector revenue
88 companies earned 36.11m€ in 2025, 2.5% of Manufacturing sector revenue. Revenue has grown 5.4× since 2015.
2.5% of sector revenue
29 with at most one employee
Largest employer: Ferro - Stil (40)
Median company 2.8% · 68% 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 88
* 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 | 6,678,938€ | 51 |
| 2016 | 6,983,464€ | 53 |
| 2017 | 8,831,039€ | 57 |
| 2018 | 12,720,561€ | 64 |
| 2019 | 14,874,877€ | 68 |
| 2020 | 14,959,607€ | 74 |
| 2021 | 18,884,018€ | 73 |
| 2022 | 21,574,026€ | 78 |
| 2023 | 25,539,260€ | 81 |
| 2024 | 31,711,097€ | 85 |
| 2025 (Preliminary) | 36,110,719€ | 88 |
Employees and payroll cost per employee per month*
14.9% |
| 5,367,209€ |
| +26.3% |
| 377,711€ |
| 7.0% |
| 40 |
| 1,369€ |
| 3 | Bijeli Labud02376903 · Kotor | 5.0% | 1,796,189€ | +14.0% | 423,451€ | 23.6% | 13 | 892€ |
| 4 | Luksal02657821 · Bar | 4.4% | 1,584,360€ | +20.2% | 40,887€ | 2.6% | 26 | 738€ |
| 5 | LC Profil03329119 · Budva | 4.4% | 1,583,929€ | +42.0% | 225,868€ | 14.3% | 7 | 1,601€ |
| 6 | Braća Despot02631962 · Podgorica | 3.2% | 1,167,962€ | +55.1% | 189,179€ | 16.2% | 11 | 1,568€ |
| 7 | Mepro02074982 · Podgorica | 2.3% | 831,188€ | -3.8% | 81,428€ | 9.8% | 12 | 1,691€ |
| 8 | Vial Montenegro02914441 · Ulcinj | 2.1% | 773,026€ | +20.8% | 20,403€ | 2.6% | 10 | 628€ |
| 9 | Lenox02224267 · Tuzi | 2.0% | 707,859€ | +24.8% | 10,175€ | 1.4% | 9 | 1,025€ |
| 10 | Aluprofi S&I03278255 · Ulcinj | 1.7% | 619,291€ | +39.3% | 106,189€ | 17.1% | 4 | 792€ |
| 11 | Knežević Alu03085716 · Podgorica | 1.7% | 616,207€ | +39.8% | 178,104€ | 28.9% | 6 | 667€ |
| 12 | Vukom Montenegro02784556 · Zeta | 1.6% | 590,179€ | +48.1% | 37,565€ | 6.4% | 6 | 805€ |
| 13 | Galming Co02972158 · Budva | 1.6% | 576,813€ | +59.1% | 123,132€ | 21.3% | 3 | 928€ |
| 14 | Sival03164730 · Podgorica | 1.6% | 572,973€ | +39.6% | 16,926€ | 3.0% | 6 | 991€ |
| 15 | Vugomal Inženjering03413896 · Podgorica | 1.6% | 571,457€ | -23.6% | 75,702€ | 13.2% | 11 | 880€ |
| 16 | Zones02381141 · Podgorica | 1.3% | 476,630€ | -44.3% | 5,891€ | 1.2% | 3 | 1,466€ |
| 17 | Elox Plast02661675 · Podgorica | 1.3% | 471,562€ | +32.5% | 6,978€ | 1.5% | 6 | 666€ |
| 18 | Vugomal Solutions03405419 · Podgorica | 1.3% | 461,591€ | -24.9% | 22,791€ | 4.9% | 10 | 804€ |
| 19 | Perpex02791234 · Nikšić | 1.1% | 400,309€ | -3.7% | 74,842€ | 18.7% | 4 | 811€ |
| 20 | Alunova Plus03303888 · Bijelo Polje | 1.1% | 391,023€ | +115.9% | -4,491€ | -1.1% | 3 | 978€ |
| 21 | Metal Inženjering Group02708086 · Bar | 0.9% | 342,733€ | +9.1% | 6,996€ | 2.0% | 5 | 859€ |
| 22 | Ips Factory03350070 · Tivat | 0.9% | 342,183€ | -36.9% | 16,409€ | 4.8% | 8 | 1,766€ |
| 23 | Demir - Al02963981 · Bar | 0.9% | 336,901€ | +113.4% | -33€ | -0.0% | 5 | 955€ |
| 24 | Vela Panels03245233 · Bar | 0.9% | 329,456€ | +27.1% | 3,013€ | 0.9% | 4 | 831€ |
| 25 | Inox - Bar02728362 · Bar | 0.8% | 296,561€ | +168.4% | 48,156€ | 16.2% | 2 | 901€ |
| 26 | Ral Co03320529 · Ulcinj | 0.8% | 285,801€ | +58.9% | 15,353€ | 5.4% | 4 | 618€ |
| 27 | Palikuća Company02986230 · Herceg Novi | 0.8% | 277,664€ | +15.2% | -5,922€ | -2.1% | 9 | 608€ |
| 28 | K&I Company03250601 · Danilovgrad | 0.7% | 269,154€ | +64.2% | 8,725€ | 3.2% | 5 | 632€ |
| 29 | SDJ Šarović03252299 · Podgorica | 0.7% | 266,535€ | +71.0% | 1,036€ | 0.4% | 3 | 946€ |
| 30 | Al Konstrukcije03073297 · Nikšić | 0.7% | 255,373€ | +7.7% | 10,999€ | 4.3% | 3 | 844€ |
| 31 | Montercomerc02630974 · Pljevlja | 0.6% | 225,933€ | -21.3% | 264€ | 0.1% | 2 | 795€ |
| 32 | Univerzal Plus02988151 · Bar | 0.6% | 224,793€ | -12.5% | -5,288€ | -2.4% | 4 | 650€ |
| 33 | Vugomal03089193 · Podgorica | 0.6% | 223,058€ | +1,578.1% | 95,301€ | 42.7% | 1 | 339€ |
| 34 | Elegant Since 196703051137 · Ulcinj | 0.6% | 220,826€ | -4.2% | 45,165€ | 20.5% | 4 | 721€ |
| 35 | Steel Technic03693708 · Budva | 0.6% | 220,477€ | +1,011.6% | 17,640€ | 8.0% | 1 | 413€ |
| 36 | Oni-Al03603091 · Ulcinj | 0.6% | 217,081€ | +119.6% | 3,725€ | 1.7% | 2 | 669€ |
| 37 | Metal Stella03316076 · Berane | 0.6% | 210,347€ | +108.8% | 21,679€ | 10.3% | 2 | 852€ |
| 38 | AL&PVC Đurović03647889 · Berane | 0.5% | 189,196€ | +370.9% | 53,230€ | 28.1% | 1 | 1,796€ |
| 39 | Plasal02264978 · Tuzi | 0.5% | 167,160€ | +103.7% | 315€ | 0.2% | 5 | 740€ |
| 40 | Enterijer Bulatović03639797 · Podgorica | 0.4% | 162,296€ | +60.8% | -2,240€ | -1.4% | 2 | 766€ |
| 41 | Nibek Art02778823 · Bar | 0.4% | 158,002€ | +62.7% | 9,265€ | 5.9% | 4 | 844€ |
| 42 | Ventus Alu i PVC Stolarija03646114 · Podgorica | 0.4% | 156,777€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 19,969€ | 12.7% | 1 | 439€ |
| 43 | Bui Plus03039161 · Budva | 0.4% | 155,913€ | -38.1% | 10,842€ | 7.0% | 4 | 514€ |
| 44 | Miralmont02702193 · Danilovgrad | 0.4% | 155,247€ | +13.7% | 6,270€ | 4.0% | 4 | 861€ |
| 45 | SM Works Team03295168 · Danilovgrad | 0.4% | 144,762€ | -14.6% | 2,624€ | 1.8% | 2 | 622€ |
| 46 | Nina Win03042260 · Podgorica | 0.4% | 138,552€ | +3.6% | 10,823€ | 7.8% | 3 | 564€ |
| 47 | Malika02957400 · Bar | 0.3% | 125,313€ | -49.3% | -55,152€ | -44.0% | 5 | 1,273€ |
| 48 | Bayerm02907020 · Herceg Novi | 0.3% | 117,046€ | -16.7% | 1,014€ | 0.9% | 2 | 843€ |
| 49 | Mont Servis02984512 · Podgorica | 0.3% | 112,120€ | -63.7% | 6,337€ | 5.7% | 3 | 774€ |
| 50 | Magial02803046 · Herceg Novi | 0.3% | 110,887€ | -13.6% | -60,299€ | -54.4% | 7 | 543€ |