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 51–100 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*
0.2% |
| 106,731€ |
| +5.9% |
| 2,353€ |
| 2.2% |
| 5 |
| 482€ |
| 53 | MF Travel03112241 · Budva | 0.2% | 106,472€ | +6.3% | 39,599€ | 37.2% | 1 | 740€ |
| 54 | Ž-V02093766 · Bijelo Polje | 0.2% | 101,990€ | +23.7% | 15,279€ | 15.0% | 3 | 867€ |
| 55 | Dan-Tours Perović02401649 · Danilovgrad | 0.2% | 96,554€ | +4.7% | 15,827€ | 16.4% | 5 | — |
| 56 | Esko Tours02673096 · Tuzi | 0.2% | 91,643€ | +49.8% | 10,510€ | 11.5% | 4 | 530€ |
| 57 | Perović Line03171515 · Danilovgrad | 0.2% | 77,372€ | +1.2% | 23,396€ | 30.2% | 1 | 717€ |
| 58 | 18 Oktobar02065541 · Nikšić | 0.2% | 73,881€ | -9.9% | 7,371€ | 10.0% | 1 | 978€ |
| 59 | Arena Tours03084060 · Podgorica | 0.2% | 69,488€ | +16.4% | 12,395€ | 17.8% | 1 | 734€ |
| 60 | Lindi & Larti Tours03177076 · Ulcinj | 0.2% | 69,288€ | +12.9% | -7,540€ | -10.9% | 3 | 550€ |
| 61 | Bošković Prevoz02873133 · Podgorica | 0.1% | 68,310€ | +5.2% | 1,672€ | 2.4% | 2 | 909€ |
| 62 | Kum Travel03644685 · Pljevlja | 0.1% | 64,802€ | +499.1% | 17,675€ | 27.3% | 1 | 1,004€ |
| 63 | Hana Tours02854406 · Ulcinj | 0.1% | 59,055€ | -23.5% | 432€ | 0.7% | 3 | 531€ |
| 64 | Fonko03380076 · Kotor | 0.1% | 55,526€ | +1.5% | 169€ | 0.3% | 1 | 338€ |
| 65 | Semus - Prevoz02457016 · Bijelo Polje | 0.1% | 55,397€ | +36.2% | 17,029€ | 30.7% | 1 | 686€ |
| 66 | Belvedere Travel02703033 · Cetinje | 0.1% | 54,958€ | +9.3% | 1,010€ | 1.8% | 5 | — |
| 67 | Veletrans02463512 · Bijelo Polje | 0.1% | 54,192€ | -16.2% | 1,334€ | 2.5% | 3 | 688€ |
| 68 | Magic Line02819104 · Cetinje | 0.1% | 54,185€ | +1.2% | 7,525€ | 13.9% | 3 | 456€ |
| 69 | Barileva - Turist02215616 · Rožaje | <0.1% | 45,690€ | -5.9% | -2,611€ | -5.7% | 4 | 632€ |
| 70 | Win Tourist03704840 · Danilovgrad | <0.1% | 42,589€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 13,381€ | 31.4% | 1 | 725€ |
| 71 | Monteline Travel02397455 · Budva | <0.1% | 41,322€ | +1,738.2% | -58,731€ | -142.1% | 1 | 503€ |
| 72 | Tourist Beni & Miri02966328 · Ulcinj | <0.1% | 38,656€ | +88.6% | 9,396€ | 24.3% | 2 | 507€ |
| 73 | Fikro - Tours Mne03216519 · Rožaje | <0.1% | 38,546€ | -24.3% | 17,840€ | 46.3% | 1 | 337€ |
| 74 | Trans-Jug Montenegro03166279 · Budva | <0.1% | 37,338€ | -7.7% | 4,055€ | 10.9% | 1 | 678€ |
| 75 | Suada Atlass02420589 · Rožaje | <0.1% | 36,463€ | +26.9% | 683€ | 1.9% | 3 | 756€ |
| 76 | X Express03393577 · Berane | <0.1% | 35,050€ | +69.9% | -133€ | -0.4% | 2 | 878€ |
| 77 | Dubovica Trans03203441 · Budva | <0.1% | 31,169€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 6,513€ | 20.9% | 1 | 341€ |
| 78 | Eurocompass02428555 · Budva | <0.1% | 26,765€ | No filing for 2024. | -16,175€ | -60.4% | 0 | — |
| 79 | Daris & Elina Prevoz03306674 · Bijelo Polje | <0.1% | 25,995€ | +15.5% | 3,813€ | 14.7% | 1 | 579€ |
| 80 | Bozzi Travel03736911 · Cetinje | <0.1% | 25,267€ | No filing for 2024. | 2,005€ | 7.9% | 1 | 605€ |
| 81 | VMB Travel03318966 · Cetinje | <0.1% | 24,311€ | +16.5% | -9,537€ | -39.2% | 2 | 557€ |
| 82 | Revival-Travel02701804 · Danilovgrad | <0.1% | 24,033€ | +14.6% | 1,773€ | 7.4% | 1 | 452€ |
| 83 | Denis Prevoz02426811 · Bijelo Polje | <0.1% | 22,487€ | -3.7% | 2,398€ | 10.7% | 1 | 675€ |
| 84 | Laki Turs03045285 · Ulcinj | <0.1% | 21,650€ | +22.9% | 1,454€ | 6.7% | 1 | 636€ |
| 85 | Capital Express02965879 · Danilovgrad | <0.1% | 21,415€ | -9.2% | 718€ | 3.4% | 1 | 676€ |
| 86 | Š.A.A.02768534 · Plav | <0.1% | 17,545€ | +154.9% | -1,056€ | -6.0% | 2 | 675€ |
| 87 | Real Tours03597806 · Ulcinj | <0.1% | 17,308€ | -19.3% | -6,611€ | -38.2% | 3 | 571€ |
| 88 | MSN Travel02891948 · Kotor | <0.1% | 15,196€ | -79.9% | -3,651€ | -24.0% | 2 | 670€ |
| 89 | Žarić03311546 · Podgorica | <0.1% | 11,626€ | +24.0% | 2,333€ | 20.1% | 1 | 526€ |
| 90 | Blue Way Travel03669203 · Kotor | <0.1% | 11,102€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,360€ | -93.3% | 2 | 506€ |
| 91 | Beste02456044 · Rožaje | <0.1% | 9,046€ | -55.4% | -15,750€ | -174.1% | 2 | 440€ |
| 92 | Bus Plus03787478 · Podgorica | <0.1% | 7,000€ | No filing for 2024. | -6,253€ | -89.3% | 0 | — |
| 93 | Centro Tours02881748 · Ulcinj | <0.1% | 6,500€ | +18.0% | -2,905€ | -44.7% | 1 | 678€ |
| 94 | Cable Car Montenegro02697408 · Budva | <0.1% | 5,531€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 2,834€ | 51.2% | 1 | — |
| 95 | Maša Group02818710 · Budva | <0.1% | 5,463€ | +150.8% | -9,467€ | -173.3% | 3 | 335€ |
| 96 | Maroje Budva03752879 · Budva | <0.1% | 2,100€ | No filing for 2024. | -2,794€ | -133.0% | 1 | 344€ |
| 97 | Maroje Travel02618796 · Budva | <0.1% | 1,500€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,562€ | -170.8% | 1 | 338€ |
| 98 | Milrad Prevoz03522768 · Danilovgrad | <0.1% | 1,488€ | -86.9% | -4,188€ | -281.5% | 1 | 339€ |
| 99 | Gradski Saobraćaj PG02225719 · Podgorica | <0.1% | 605€ | -99.5% | -39,168€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 940€ |
| 100 | Jelena i Maša03119149 · Herceg Novi | <0.1% | 480€ | +300.0% | -8,209€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 2 | 338€ |