Revenue
187.63m€2.8× since 2015
2.5% of sector revenue
Berba02811227 · Tivat
2.1%
87 companies earned 187.63m€ in 2025, 2.5% of Trade sector revenue. Revenue has grown 2.8× since 2015.
2.5% of sector revenue
43 with at most one employee
Largest employer: Noblewood Market (40)
Median company 2.3% · 67% 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 87
* 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 | 67,924,813€ | 50 |
| 2016 | 74,576,752€ | 55 |
| 2017 | 83,159,528€ | 61 |
| 2018 | 88,857,415€ | 65 |
| 2019 | 92,586,836€ | 72 |
| 2020 | 62,861,009€ | 71 |
| 2021 | 94,898,101€ | 77 |
| 2022 | 124,677,950€ | 79 |
| 2023 | 162,143,686€ | 81 |
| 2024 | 177,510,617€ | 85 |
| 2025 (Preliminary) | 187,630,770€ | 87 |
Employees and payroll cost per employee per month*
12.4% |
| 23,356,721€ |
| +16.1% |
| 1,023,316€ |
| 4.4% |
| 37 |
| 1,994€ |
| 3 | Carlsberg Montenegro02657457 · Podgorica | 12.2% | 22,907,450€ | +5.4% | 1,561,029€ | 6.8% | 31 | 1,893€ |
| 4 | Brevi02337843 · Podgorica | 6.8% | 12,723,547€ | +7.7% | 255,028€ | 2.0% | 25 | 695€ |
| 5 | Lanex02055066 · Kotor | 3.8% | 7,164,445€ | +2.2% | 149,542€ | 2.1% | 21 | 755€ |
| 6 | Noblewood Market03514889 · Tivat | 3.0% | 5,612,784€ | +18.2% | 134,433€ | 2.4% | 40 | 8,281€ |
| 7 | Kamel02442639 · Bijelo Polje | 2.5% | 4,736,601€ | +10.0% | 43,253€ | 0.9% | 32 | 802€ |
| 8 | Podrumar02828499 · Budva | 2.4% | 4,496,157€ | -1.5% | 313,298€ | 7.0% | 10 | 996€ |
| 9 | Inter Spirits03045749 · Podgorica | 2.3% | 4,240,902€ | +9.5% | 120,869€ | 2.9% | 23 | 839€ |
| 10 | Energy Star International03081958 · Podgorica | 2.1% | 3,953,173€ | -0.0% | 316,264€ | 8.0% | 22 | 1,267€ |
| 11 | Jelena02374960 · Bar | 2.1% | 3,921,072€ | -22.2% | 173,290€ | 4.4% | 12 | 1,429€ |
| 12 | Berba02811227 · Tivat | 2.1% | 3,895,779€ | +3.3% | 217,629€ | 5.6% | 17 | 2,052€ |
| 13 | Kurti02197570 · Ulcinj | 2.0% | 3,781,173€ | -10.7% | 254,439€ | 6.7% | 3 | 730€ |
| 14 | M. D. Mont02375222 · Bar | 1.9% | 3,590,353€ | -5.6% | 86,682€ | 2.4% | 12 | 1,268€ |
| 15 | Fany Marić - Đukić02389703 · Herceg Novi | 1.8% | 3,361,956€ | +9.1% | 219,192€ | 6.5% | 15 | 1,565€ |
| 16 | Tas Com02317168 · Herceg Novi | 1.4% | 2,638,294€ | +3.3% | 102,067€ | 3.9% | 11 | 667€ |
| 17 | Compania De Vinos Montenegro02703599 · Kotor | 1.4% | 2,546,542€ | -6.4% | 181,923€ | 7.1% | 13 | 1,294€ |
| 18 | Eurolab Internacional Grup03239888 · Podgorica | 1.2% | 2,334,791€ | -1.4% | 1,176€ | 0.1% | 18 | 1,430€ |
| 19 | Vibe02926121 · Podgorica | 0.8% | 1,585,338€ | +11.3% | 126,733€ | 8.0% | 2 | 606€ |
| 20 | Innovattivo03201848 · Podgorica | 0.7% | 1,382,638€ | +31.2% | 94,139€ | 6.8% | 1 | 2,151€ |
| 21 | V.P. Euro02742225 · Ulcinj | 0.7% | 1,277,887€ | -0.4% | 19,107€ | 1.5% | 3 | 1,035€ |
| 22 | Dentik-Trade02317770 · Bar | 0.7% | 1,274,436€ | -7.6% | 121,466€ | 9.5% | 9 | 734€ |
| 23 | Spirits Worldwide03383245 · Tivat | 0.7% | 1,229,887€ | +5.3% | 136,401€ | 11.1% | 2 | 757€ |
| 24 | Monti03160009 · Budva | 0.5% | 988,291€ | -3.5% | 24,601€ | 2.5% | 3 | 687€ |
| 25 | Pivara BP02969491 · Bijelo Polje | 0.5% | 981,631€ | +88.8% | 6,944€ | 0.7% | 1 | 449€ |
| 26 | Vitis02656566 · Podgorica | 0.5% | 979,755€ | +8.0% | 22,240€ | 2.3% | 3 | 1,277€ |
| 27 | 4 Cug03177858 · Podgorica | 0.5% | 938,237€ | +8.6% | 162,558€ | 17.3% | 2 | 1,971€ |
| 28 | Primanova03283984 · Bar | 0.5% | 849,454€ | +0.0% | 79,323€ | 9.3% | 7 | 1,076€ |
| 29 | Dron03396673 · Kolašin | 0.4% | 780,969€ | +17.5% | 30,839€ | 3.9% | 4 | 1,043€ |
| 30 | D & G Group03356183 · Podgorica | 0.4% | 760,848€ | -4.2% | -148,890€ | -19.6% | 15 | 938€ |
| 31 | Krug02781824 · Budva | 0.4% | 752,570€ | -12.2% | 38,363€ | 5.1% | 7 | 879€ |
| 32 | Poto S 2103352846 · Pljevlja | 0.4% | 664,604€ | -3.6% | 32,722€ | 4.9% | 4 | 693€ |
| 33 | Max Corporation02721759 · Podgorica | 0.3% | 529,782€ | -23.6% | 11,082€ | 2.1% | 3 | 2,030€ |
| 34 | Temetum03096424 · Budva | 0.2% | 378,399€ | +5.4% | 86,195€ | 22.8% | 1 | 3,328€ |
| 35 | De Wine Company03260542 · Bar | 0.2% | 340,971€ | -8.6% | 9,420€ | 2.8% | 6 | 1,209€ |
| 36 | Dragar & Co02332710 · Podgorica | 0.2% | 293,192€ | +19.9% | 19,881€ | 6.8% | 2 | 842€ |
| 37 | G3 Moet03059588 · Herceg Novi | 0.1% | 269,740€ | +20.2% | 18,973€ | 7.0% | 5 | 621€ |
| 38 | Blue Adria03290956 · Podgorica | 0.1% | 264,444€ | +8.4% | 19,319€ | 7.3% | 1 | 2,943€ |
| 39 | Galot03270343 · Nikšić | 0.1% | 231,328€ | +80.8% | 1,628€ | 0.7% | 1 | 745€ |
| 40 | Rustorg Montenegro02975351 · Bar | 0.1% | 220,824€ | -21.7% | -9,401€ | -4.3% | 1 | 2,602€ |
| 41 | Five Star Distribution03287777 · Tivat | 0.1% | 220,629€ | +4.8% | 7,970€ | 3.6% | 3 | 585€ |
| 42 | Wine Trade03698190 · Tivat | 0.1% | 204,333€ | +10,717.0% | 1,506€ | 0.7% | 1 | 338€ |
| 43 | Honey Badger Inc03698513 · Tivat | <0.1% | 179,833€ | +9,420.0% | 733€ | 0.4% | 1 | 338€ |
| 44 | Merić Komerc02131668 · Berane | <0.1% | 171,726€ | -18.2% | -53,561€ | -31.2% | 3 | — |
| 45 | Master Wine03682404 · Podgorica | <0.1% | 169,912€ | +397.6% | 1,631€ | 1.0% | 1 | 450€ |
| 46 | BNM Wine Traders03189007 · Rožaje | <0.1% | 161,906€ | +21.4% | -34,368€ | -21.2% | 3 | 1,101€ |
| 47 | Anlika02283867 · Podgorica | <0.1% | 137,642€ | +11.9% | 204€ | 0.1% | 2 | 448€ |
| 48 | I&J Company03705781 · Nikšić | <0.1% | 130,204€ | +7,456.8% | -2,072€ | -1.6% | 1 | 1,533€ |
| 49 | B To B03417166 · Podgorica | <0.1% | 124,864€ | -4.1% | 23,212€ | 18.6% | 2 | 554€ |
| 50 | Bibita02410605 · Nikšić | <0.1% | 119,509€ | -20.8% | 2,805€ | 2.3% | 1 | 675€ |