Revenue
942.99m€2.3× since 2015
5.3% of Montenegro's revenue
Transport & logistics
1,885 companies earned 942.99m€ in 2025, 5.3% of all company revenue in Montenegro. It ranks 5 of 18 sectors by revenue. Revenue has grown 2.3× since 2015.
Nationwide · 2025
Year
Overview
Companies
1,885+1,028 since 2015
847 with at most one employee
Employees
12,681+59% since 2015
Largest employer: Pošta Crne Gore (1,253)
Profit margin
3.5%2.6 pts below average
Total profit: 33.33m€
This sector 3.5%Montenegro: 6.1%
Payroll cost/emp./mo*
1,348€9% above average
Average per employee, not per company
This sector 1,348€Montenegro: 1,242€
Revenue and companies since 2015
FinalPreliminary
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 405,089,365€ | 857 |
| 2016 | 454,310,643€ | 929 |
| 2017 | 510,265,203€ | 1,008 |
| 2018 | 581,108,490€ | 1,118 |
| 2019 | 575,874,972€ | 1,193 |
| 2020 | 396,748,965€ | 1,261 |
| 2021 | 520,336,463€ | 1,354 |
| 2022 | 719,463,602€ | 1,482 |
| 2023 | 810,988,759€ | 1,653 |
| 2024 | 845,939,071€ | 1,823 |
| 2025 (Preliminary) | 942,990,861€ | 1,885 |
What changed in 2025
Growth is measured on the same companies, which filed for both years.
- Revenue, same companies (1,668)
- 822.52m€ → 891.21m€
- Employees, same companies
- 10,759 → 11,327
- Payroll cost per employee, same companies
- 1,232€ → 1,346€
- Filed for 2025, not for 2024
- 217 companies · 51.78m€
- Filed for 2024, not for 2025
- 155 companies, 23.42m€ in 2024
Activities in this sector
36.9%
- Companies
- 790
- Employees
- 3,180
- Revenue
- 347,625,350€
- Companies
- 17
- Employees
- 1,200
- Revenue
- 102,700,476€
- Companies
- 192
- Employees
- 976
- Revenue
- 100,965,112€
6.9%
- Companies
- 15
- Employees
- 236
- Revenue
- 64,789,087€
- Companies
- 101
- Employees
- 1,077
- Revenue
- 60,397,073€
- Companies
- 111
- Employees
- 710
- Revenue
- 45,717,330€
- Companies
- 15
- Employees
- 56
- Revenue
- 38,207,095€
5224
Cargo handling- Companies
- 9
- Employees
- 769
- Revenue
- 32,204,287€
- Companies
- 126
- Employees
- 479
- Revenue
- 29,776,115€
- Companies
- 73
- Employees
- 324
- Revenue
- 28,316,052€
- Companies
- 27
- Employees
- 1,282
- Revenue
- 25,258,571€
4932
Taxi operation- Companies
- 132
- Employees
- 1,156
- Revenue
- 22,603,180€
- Companies
- 133
- Employees
- 307
- Revenue
- 10,982,187€
- Companies
- 90
- Employees
- 286
- Revenue
- 10,222,554€
1.0%
- Companies
- 3
- Employees
- 307
- Revenue
- 9,095,989€
5 more activities
14,130,403€ · 1.5%
Total
- Companies
- 1,885
- Employees
- 12,681
- Revenue
- 942,990,861€
Where they are and who is growing
Revenue by municipality
Share of the sector's revenue
- Podgorica 435.35m€46.2%
- Nikšić 119.27m€12.6%
- Bar 89.02m€9.4%
- Kotor 64.71m€6.9%
- Zeta 38.62m€4.1%
- Herceg Novi 34.22m€3.6%
- Budva 33.31m€3.5%
- Other municipalities (17) 114.88m€12.2%
- No municipality in the registry 13.62m€1.4%
Fastest growing
Revenue change vs 2024, companies with at least 1m€ that year
- PGS Montenegro1.45m€ → 2.97m€+104.9%
- Crnogorska Plovidba8.86m€ → 17.76m€+100.4%
- Menzies Aviation3.03m€ → 5.88m€+94.2%
- Zenšped Group2.37m€ → 4.54m€+91.1%
- A+ Yachting1.60m€ → 2.91m€+81.9%
Largest employers
Employees and payroll cost per employee per month*
- 1,2531,071€
- 1,0501,738€
- 4851,334€
- 3151,940€
- 3011,222€
All companies (1,885)
Ranked by total revenue · Showing 1–50 of 1,885
- 1Tomontenegro03344312 · PodgoricaRevenue share6.3%
- Revenue
- 59,714,161€
- Revenue change 2024→2025
- -4.9%
- Profit
- 1,381,029€
- Margin
- 2.3%
- Employees
- 193
- Payroll cost/emp./mo*
- 2,615€
- 2Aerodromi Crne Gore02305623 · PodgoricaRevenue share4.7%
- Revenue
- 44,663,471€
- Revenue change 2024→2025
- No filing for 2024.
- Profit
- 12,933,560€
- Margin
- 29.0%
- Employees
- 1,050
- Payroll cost/emp./mo*
- 1,738€
- 3Pearl Executive Aviation02848147 · PodgoricaRevenue share4.5%
- Revenue
- 42,209,169€
- Revenue change 2024→2025
- +25.4%
- Profit
- 1,685,960€
- Margin
- 4.0%
- Employees
- 9
- Payroll cost/emp./mo*
- 4,799€
- 4SS Alga02867877 · NikšićRevenue share3.4%
- Revenue
- 32,145,255€
- Revenue change 2024→2025
- -12.8%
- Profit
- 204,440€
- Margin
- 0.6%
- Employees
- 37
- Payroll cost/emp./mo*
- 1,227€
- 5Monte Put02462494 · PodgoricaRevenue share3.2%
- Revenue
- 30,334,100€
- Revenue change 2024→2025
- +40.5%
- Profit
- 6,061,023€
- Margin
- 20.0%
- Employees
- 315
- Payroll cost/emp./mo*
- 1,940€
- 6Pošta Crne Gore02867940 · PodgoricaRevenue share2.6%
- Revenue
- 24,773,029€
- Revenue change 2024→2025
- -7.4%
- Profit
- 461,110€
- Margin
- 1.9%
- Employees
- 1,253
- Payroll cost/emp./mo*
- 1,071€
- 7Crnogorska Plovidba02399849 · KotorRevenue share1.9%
- Revenue
- 17,759,262€
- Revenue change 2024→2025
- +100.4%
- Profit
- -26,025,647€
- Margin
- -146.5%
- Employees
- 8
- Payroll cost/emp./mo*
- 2,801€
- 8Luka Bar02002558 · BarRevenue share1.7%
- Revenue
- 15,666,097€
- Revenue change 2024→2025
- -7.7%
- Profit
- -6,440,456€
- Margin
- -41.1%
- Employees
- 485
- Payroll cost/emp./mo*
- 1,334€
- 9Carinvest02349124 · KotorRevenue share1.7%
- Revenue
- 15,649,348€
- Revenue change 2024→2025
- -3.9%
- Profit
- 769,128€
- Margin
- 4.9%
- Employees
- 123
- Payroll cost/emp./mo*
- 1,299€
- 10Port of Adria02766698 · BarRevenue share1.3%
- Revenue
- 11,902,728€
- Revenue change 2024→2025
- +34.9%
- Profit
- -669,525€
- Margin
- -5.6%
- Employees
- 271
- Payroll cost/emp./mo*
- 1,672€
- 11Milšped Montenegro02660814 · PodgoricaRevenue share1.2%
- Revenue
- 11,703,166€
- Revenue change 2024→2025
- -5.2%
- Profit
- 604,259€
- Margin
- 5.2%
- Employees
- 120
- Payroll cost/emp./mo*
- 1,399€
- 12Xexperience03410021 · PodgoricaRevenue share1.1%
- Revenue
- 10,471,668€
- Revenue change 2024→2025
- -2.3%
- Profit
- 3,181,452€
- Margin
- 30.4%
- Employees
- 21
- Payroll cost/emp./mo*
- 2,741€
- 13Barska Plovidba02324784 · BarRevenue share1.1%
- Revenue
- 10,383,095€
- Revenue change 2024→2025
- +30.2%
- Profit
- 2,281,950€
- Margin
- 22.0%
- Employees
- 33
- Payroll cost/emp./mo*
- 7,007€
- 14DS Promet03214494 · PodgoricaRevenue share1.1%
- Revenue
- 9,984,007€
- Revenue change 2024→2025
- +16.1%
- Profit
- 844,635€
- Margin
- 8.5%
- Employees
- 9
- Payroll cost/emp./mo*
- 1,261€
- 15Delta Transportni Sistem - D.T.S.03081052 · PodgoricaRevenue share1.1%
- Revenue
- 9,979,223€
- Revenue change 2024→2025
- +23.1%
- Profit
- 279,773€
- Margin
- 2.8%
- Employees
- 58
- Payroll cost/emp./mo*
- 1,881€
- 16Autoprevoz Bajović02443635 · NikšićRevenue share1.0%
- Revenue
- 9,764,019€
- Revenue change 2024→2025
- +4.0%
- Profit
- 508,821€
- Margin
- 5.2%
- Employees
- 30
- Payroll cost/emp./mo*
- 1,240€
- 17Zetatrans02011468Revenue share0.9%
- Revenue
- 8,888,103€
- Revenue change 2024→2025
- +5.1%
- Profit
- 1,549,142€
- Margin
- 17.4%
- Employees
- 108
- Payroll cost/emp./mo*
- 1,420€
- 18Bečanović02940132 · NikšićRevenue share0.9%
- Revenue
- 8,563,914€
- Revenue change 2024→2025
- +23.2%
- Profit
- 462,200€
- Margin
- 5.4%
- Employees
- 15
- Payroll cost/emp./mo*
- 1,698€
- 19Sef-Trans02462184 · RožajeRevenue share0.9%
- Revenue
- 8,546,099€
- Revenue change 2024→2025
- -1.6%
- Profit
- 424,014€
- Margin
- 5.0%
- Employees
- 30
- Payroll cost/emp./mo*
- 1,294€
- 20Kontrola Letenja Srbije i Crne Gore Smatsa D.O.O.,beograd02627744 · PodgoricaRevenue share0.9%
- Revenue
- 8,499,824€
- Revenue change 2024→2025
- +3.1%
- Profit
- -61,349€
- Margin
- -0.7%
- Employees
- 102
- Payroll cost/emp./mo*
- 6,543€
- 21Lukana02359553 · ZetaRevenue share0.9%
- Revenue
- 8,466,536€
- Revenue change 2024→2025
- -9.8%
- Profit
- 698,559€
- Margin
- 8.3%
- Employees
- 85
- Payroll cost/emp./mo*
- 1,679€
- 22Montecargo02758628 · PodgoricaRevenue share0.8%
- Revenue
- 7,951,557€
- Revenue change 2024→2025
- +10.9%
- Profit
- -960,946€
- Margin
- -12.1%
- Employees
- 301
- Payroll cost/emp./mo*
- 1,222€
- 23Allegra-Montenegro02802546 · BarRevenue share0.8%
- Revenue
- 7,319,421€
- Revenue change 2024→2025
- -4.1%
- Profit
- 113,747€
- Margin
- 1.6%
- Employees
- 32
- Payroll cost/emp./mo*
- 905€
- 24Stanišić02311127 · NikšićRevenue share0.8%
- Revenue
- 7,248,322€
- Revenue change 2024→2025
- -13.1%
- Profit
- 396,678€
- Margin
- 5.5%
- Employees
- 14
- Payroll cost/emp./mo*
- 731€
- 25Perfect Trade03027376 · PodgoricaRevenue share0.7%
- Revenue
- 6,927,774€
- Revenue change 2024→2025
- -19.6%
- Profit
- 71,721€
- Margin
- 1.0%
- Employees
- 40
- Payroll cost/emp./mo*
- 1,746€
- 26Luka Kotor02044188 · KotorRevenue share0.7%
- Revenue
- 6,899,755€
- Revenue change 2024→2025
- +15.3%
- Profit
- 1,904,875€
- Margin
- 27.6%
- Employees
- 69
- Payroll cost/emp./mo*
- 2,499€
- 27VN-Commerce02887860 · NikšićRevenue share0.7%
- Revenue
- 6,427,900€
- Revenue change 2024→2025
- +22.5%
- Profit
- 397,290€
- Margin
- 6.2%
- Employees
- 32
- Payroll cost/emp./mo*
- 714€
- 28No-Mi02394430 · Herceg NoviRevenue share0.7%
- Revenue
- 6,217,790€
- Revenue change 2024→2025
- +0.0%
- Profit
- 44,875€
- Margin
- 0.7%
- Employees
- 83
- Payroll cost/emp./mo*
- 860€
- 29Humci02633566 · CetinjeRevenue share0.7%
- Revenue
- 6,192,202€
- Revenue change 2024→2025
- -4.4%
- Profit
- 156,096€
- Margin
- 2.5%
- Employees
- 17
- Payroll cost/emp./mo*
- 769€
- 30Braća Magud - Grbalj02424312 · KotorRevenue share0.6%
- Revenue
- 5,965,936€
- Revenue change 2024→2025
- +16.9%
- Profit
- 867,060€
- Margin
- 14.5%
- Employees
- 26
- Payroll cost/emp./mo*
- 921€
- 31Menzies Aviation02756145 · PodgoricaRevenue share0.6%
- Revenue
- 5,879,667€
- Revenue change 2024→2025
- +94.2%
- Profit
- 276,107€
- Margin
- 4.7%
- Employees
- 14
- Payroll cost/emp./mo*
- 1,398€
- 32Lalatović Travel02750210 · BudvaRevenue share0.6%
- Revenue
- 5,373,137€
- Revenue change 2024→2025
- +46.7%
- Profit
- 684,268€
- Margin
- 12.7%
- Employees
- 42
- Payroll cost/emp./mo*
- 1,320€
- 33Distance INC.03063712 · PodgoricaRevenue share0.6%
- Revenue
- 5,239,430€
- Revenue change 2024→2025
- -3.0%
- Profit
- 229,858€
- Margin
- 4.4%
- Employees
- 13
- Payroll cost/emp./mo*
- 2,423€
- 34Mediteran Shipping02304058 · BarRevenue share0.5%
- Revenue
- 5,159,837€
- Revenue change 2024→2025
- -19.8%
- Profit
- 21,510€
- Margin
- 0.4%
- Employees
- 11
- Payroll cost/emp./mo*
- 1,251€
- 35Pro Team Consulting03394581 · PodgoricaRevenue share0.5%
- Revenue
- 4,980,606€
- Revenue change 2024→2025
- +35.8%
- Profit
- 101,983€
- Margin
- 2.0%
- Employees
- 5
- Payroll cost/emp./mo*
- 754€
- 36NTC Logistics02922711 · NikšićRevenue share0.5%
- Revenue
- 4,867,127€
- Revenue change 2024→2025
- -9.6%
- Profit
- 9,318€
- Margin
- 0.2%
- Employees
- 146
- Payroll cost/emp./mo*
- 1,379€
- 37Intours02013673 · PodgoricaRevenue share0.5%
- Revenue
- 4,742,140€
- Revenue change 2024→2025
- -18.0%
- Profit
- 117,887€
- Margin
- 2.5%
- Employees
- 27
- Payroll cost/emp./mo*
- 2,446€
- 38Tramar03314219 · PodgoricaRevenue share0.5%
- Revenue
- 4,641,010€
- Revenue change 2024→2025
- -3.8%
- Profit
- 100,791€
- Margin
- 2.2%
- Employees
- 1
- Payroll cost/emp./mo*
- 922€
- 39Koprivica02239442 · ZetaRevenue share0.5%
- Revenue
- 4,539,248€
- Revenue change 2024→2025
- +74.1%
- Profit
- 743,719€
- Margin
- 16.4%
- Employees
- 28
- Payroll cost/emp./mo*
- 778€
- 40Zenšped Group02914034 · BarRevenue share0.5%
- Revenue
- 4,535,730€
- Revenue change 2024→2025
- +91.1%
- Profit
- 381,361€
- Margin
- 8.4%
- Employees
- 15
- Payroll cost/emp./mo*
- 1,167€
- 41Blue Line02033356 · Herceg NoviRevenue share0.5%
- Revenue
- 4,333,994€
- Revenue change 2024→2025
- +1.9%
- Profit
- 1,478,040€
- Margin
- 34.1%
- Employees
- 74
- Payroll cost/emp./mo*
- 1,178€
- 42Taratrans02465191 · DanilovgradRevenue share0.5%
- Revenue
- 4,263,120€
- Revenue change 2024→2025
- +16.7%
- Profit
- 181,295€
- Margin
- 4.3%
- Employees
- 38
- Payroll cost/emp./mo*
- 861€
- 43Vujović VR02371839 · DanilovgradRevenue share0.4%
- Revenue
- 3,968,680€
- Revenue change 2024→2025
- +8.9%
- Profit
- 840,352€
- Margin
- 21.2%
- Employees
- 48
- Payroll cost/emp./mo*
- 1,676€
- 44Parking Servis Budva02382784 · BudvaRevenue share0.4%
- Revenue
- 3,960,511€
- Revenue change 2024→2025
- +16.8%
- Profit
- 513,076€
- Margin
- 13.0%
- Employees
- 97
- Payroll cost/emp./mo*
- 1,931€
- 45Goga Adriatic-Montenegro03479978 · PodgoricaRevenue share0.4%
- Revenue
- 3,884,757€
- Revenue change 2024→2025
- +228.3%
- Profit
- -30,094€
- Margin
- -0.8%
- Employees
- 1
- Payroll cost/emp./mo*
- 921€
- 46Boka Adriatic02288460 · Herceg NoviRevenue share0.4%
- Revenue
- 3,845,601€
- Revenue change 2024→2025
- +33.9%
- Profit
- 3,824€
- Margin
- 0.1%
- Employees
- 12
- Payroll cost/emp./mo*
- 1,170€
- 47Rail Trans Logistic02734125 · BudvaRevenue share0.4%
- Revenue
- 3,839,704€
- Revenue change 2024→2025
- -17.4%
- Profit
- 231,489€
- Margin
- 6.0%
- Employees
- 1
- Payroll cost/emp./mo*
- 1,067€
- 48Big Top02836211 · PodgoricaRevenue share0.4%
- Revenue
- 3,803,698€
- Revenue change 2024→2025
- +12.6%
- Profit
- 334,007€
- Margin
- 8.8%
- Employees
- 5
- Payroll cost/emp./mo*
- 1,144€
- 49Olliver Management03200388 · PodgoricaRevenue share0.4%
- Revenue
- 3,656,833€
- Revenue change 2024→2025
- +24.1%
- Profit
- 1,050,029€
- Margin
- 28.7%
- Employees
- 2
- Payroll cost/emp./mo*
- 511€
- 50Plan B02388979 · PodgoricaRevenue share0.4%
- Revenue
- 3,623,123€
- Revenue change 2024→2025
- +1.7%
- Profit
- 49,303€
- Margin
- 1.4%
- Employees
- 34
- Payroll cost/emp./mo*
- 864€
* 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 38 sole proprietors: natural persons whose statements are shown only in aggregate, never by name. The company count excludes them. How we calculate →
Transport & logistics companies in Montenegro ranked by revenue 2025 →
Source: Tax Administration / CRPSCurrency: EUR