Revenue
4.8% of sector revenue
111 companies earned 45.72m€ in 2025, 4.8% of Transport & logistics sector revenue. Revenue has grown 2.5× since 2015.
4.8% of sector revenue
34 with at most one employee
Largest employer: Blue Line (74)
Median company 7.9% · 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 111
* 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 | 18,256,007€ | 89 |
| 2016 | 20,708,104€ | 92 |
| 2017 | 21,742,495€ | 100 |
| 2018 | 25,066,096€ | 107 |
| 2019 | 27,401,564€ | 106 |
| 2020 | 11,943,269€ | 112 |
| 2021 | 17,281,887€ | 108 |
| 2022 | 27,890,610€ | 109 |
| 2023 | 37,321,077€ | 110 |
| 2024 | 43,095,152€ | 110 |
| 2025 (Preliminary) | 45,717,330€ | 111 |
Employees and payroll cost per employee per month*
11.8% |
| 5,373,137€ |
| +46.7% |
| 684,268€ |
| 12.7% |
| 42 |
| 1,320€ |
| 3 | Blue Line02033356 · Herceg Novi | 9.5% | 4,333,994€ | +1.9% | 1,478,040€ | 34.1% | 74 | 1,178€ |
| 4 | Vujović VR02371839 · Danilovgrad | 8.7% | 3,968,680€ | +8.9% | 840,352€ | 21.2% | 48 | 1,676€ |
| 5 | Mediteran Express02851890 · Budva | 4.8% | 2,204,341€ | -3.1% | 240,251€ | 10.9% | 62 | 1,199€ |
| 6 | Zejdin02199521 · Ulcinj | 3.7% | 1,700,230€ | +35.0% | 320,446€ | 18.8% | 17 | 2,108€ |
| 7 | Royal Travel03031535 · Cetinje | 3.6% | 1,651,922€ | +19.5% | 380,553€ | 23.0% | 14 | 1,792€ |
| 8 | BTC Zeta03486125 · Zeta | 3.1% | 1,430,846€ | +62.5% | 211,641€ | 14.8% | 15 | 2,857€ |
| 9 | BLT02048698 · Podgorica | 2.4% | 1,080,171€ | +11.1% | 85,981€ | 8.0% | 24 | 1,400€ |
| 10 | LB Transportation Services03543331 · Tivat | 2.0% | 914,006€ | +10.5% | 80,578€ | 8.8% | 18 | 1,882€ |
| 11 | Ozlem02310074 · Podgorica | 1.9% | 885,311€ | -0.2% | 17,015€ | 1.9% | 13 | 693€ |
| 12 | Magud Travel02917106 · Budva | 1.9% | 869,842€ | +34.2% | 77,243€ | 8.9% | 15 | 1,411€ |
| 13 | Montespeed02397021 · Tivat | 1.6% | 744,929€ | +1.6% | 25,460€ | 3.4% | 13 | 1,413€ |
| 14 | Vip Travel02695057 · Tivat | 1.4% | 650,694€ | +4.9% | 86,268€ | 13.3% | 8 | 879€ |
| 15 | Dangradprevoz-Keković02214326 · Danilovgrad | 1.4% | 650,031€ | +4.1% | 84,828€ | 13.0% | 14 | 703€ |
| 16 | Sany - Company02675501 · Budva | 1.1% | 519,576€ | +19.1% | 18,385€ | 3.5% | 12 | 1,857€ |
| 17 | MS Tours02398338 · Podgorica | 1.1% | 494,542€ | +51.8% | -70,783€ | -14.3% | 10 | 1,193€ |
| 18 | Euro Šuntić02194651 · Bijelo Polje | 1.0% | 479,406€ | -8.2% | 43,904€ | 9.2% | 10 | 821€ |
| 19 | Alo Express02772698 · Podgorica | 1.0% | 436,887€ | -6.7% | 83,103€ | 19.0% | 9 | 680€ |
| 20 | Novoprevoz02075431 · Bijelo Polje | 0.9% | 431,531€ | +12.4% | 89,486€ | 20.7% | 8 | 829€ |
| 21 | Šober-Prevoz02748762 · Nikšić | 0.9% | 411,313€ | +19.8% | 4,698€ | 1.1% | 5 | 972€ |
| 22 | Monteline Budva03337545 · Budva | 0.9% | 400,000€ | +0.3% | 18,810€ | 4.7% | 3 | 2,026€ |
| 23 | Autoprevoz Zaton02421542 | 0.9% | 391,444€ | -19.7% | 44,254€ | 11.3% | 6 | 1,212€ |
| 24 | GM Budva02959453 · Budva | 0.8% | 361,378€ | +9.7% | 33,136€ | 9.2% | 10 | 1,063€ |
| 25 | Touring02348705 · Kotor | 0.8% | 358,308€ | +6.3% | -10,503€ | -2.9% | 7 | 806€ |
| 26 | Krivokapić Turs02280710 · Herceg Novi | 0.7% | 340,686€ | +1.2% | 69,708€ | 20.5% | 5 | 666€ |
| 27 | Papović02273209 · Nikšić | 0.7% | 332,766€ | +12.5% | 37,102€ | 11.1% | 4 | 682€ |
| 28 | Olympic Plus03463770 · Budva | 0.7% | 325,225€ | +17.6% | 22,698€ | 7.0% | 10 | 668€ |
| 29 | Radulović Prevoz02401037 · Pljevlja | 0.7% | 309,495€ | -17.7% | 37,758€ | 12.2% | 7 | 554€ |
| 30 | O.K.02703386 · Budva | 0.6% | 288,562€ | +8.0% | -85,964€ | -29.8% | 10 | 857€ |
| 31 | Dragović Travel Berane03519520 · Berane | 0.6% | 285,704€ | +39.1% | 66,964€ | 23.4% | 3 | 744€ |
| 32 | Avg Autopro02822172 · Budva | 0.6% | 270,936€ | +36.2% | 26,741€ | 9.9% | 10 | 542€ |
| 33 | KLS02820544 · Budva | 0.6% | 267,446€ | +1.1% | -26,127€ | -9.8% | 12 | 535€ |
| 34 | Ideal Travel03078396 · Ulcinj | 0.6% | 266,096€ | +74.4% | 85,590€ | 32.2% | 5 | 931€ |
| 35 | Ortak02915685 · Berane | 0.6% | 262,213€ | -3.3% | 17,114€ | 6.5% | 4 | 2,428€ |
| 36 | First Travel Montenegro03187497 · Podgorica | 0.6% | 252,307€ | -46.0% | 8,271€ | 3.3% | 4 | 1,745€ |
| 37 | Jadran Line02777185 · Cetinje | 0.5% | 223,626€ | -1.2% | 4,178€ | 1.9% | 6 | 1,116€ |
| 38 | Pavićević Tours02401657 · Danilovgrad | 0.5% | 219,707€ | -1.3% | 39,820€ | 18.1% | 4 | 847€ |
| 39 | Mijanović02454564 · Cetinje | 0.4% | 202,547€ | +16.7% | 4,808€ | 2.4% | 3 | 3,248€ |
| 40 | Don - Street02645980 · Budva | 0.4% | 202,374€ | +5.7% | 7,649€ | 3.8% | 8 | 719€ |
| 41 | Hermes Travel03047601 · Cetinje | 0.4% | 199,955€ | -34.5% | 4,835€ | 2.4% | 4 | 1,828€ |
| 42 | Drum CG03396819 · Podgorica | 0.4% | 196,734€ | +40.9% | 33,212€ | 16.9% | 2 | 580€ |
| 43 | Mraković Trade02400227 · Danilovgrad | 0.4% | 195,650€ | +2.0% | 24,593€ | 12.6% | 5 | 685€ |
| 44 | Kovačević-Prevoz02625300 · Budva | 0.4% | 188,206€ | +44.6% | 67,620€ | 35.9% | 3 | 954€ |
| 45 | Bay Good DMC03730387 · Budva | 0.4% | 170,178€ | No filing for 2024. | 69,600€ | 40.9% | 2 | 1,868€ |
| 46 | Montenegro Putnik02914417 · Budva | 0.4% | 162,807€ | -41.4% | 29,983€ | 18.4% | 3 | 600€ |
| 47 | Lasta Montenegro02809796 · Podgorica | 0.3% | 147,224€ | -20.1% | -164,512€ | -111.7% | 2 | 2,869€ |
| 48 | Montenegro Express Travel Agency02823829 · Danilovgrad | 0.3% | 144,483€ | +1,637.0% | -52,625€ | -36.4% | 10 | 883€ |
| 49 | Žar-Ex Tours02830736 · Budva | 0.3% | 136,429€ | -5.6% | 23,656€ | 17.3% | 9 | 428€ |
| 50 | Smart Travel03272524 · Danilovgrad | 0.2% | 111,721€ | +82.1% | 29,545€ | 26.4% | 3 | — |