Revenue
4.2% of sector revenue
77 companies earned 315.52m€ in 2025, 4.2% of Trade sector revenue. Revenue has grown 3.7× since 2015.
4.2% of sector revenue
2 with at most one employee
Largest employer: Montefarm (561)
Median company 2.5% · 79% 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 51–77 of 77
* 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 1 sole proprietor: natural persons whose statements are shown only in aggregate, never by name. The company count excludes them. 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 | 85,459,802€ | 56 |
| 2016 | 97,010,336€ | 60 |
| 2017 | 105,483,330€ | 62 |
| 2018 | 115,165,956€ | 62 |
| 2019 | 137,112,226€ | 59 |
| 2020 | 155,109,565€ | 59 |
| 2021 | 187,437,393€ | 65 |
| 2022 | 208,150,835€ | 65 |
| 2023 | 251,177,840€ | 69 |
| 2024 | 287,996,280€ | 79 |
| 2025 (Preliminary) | 315,517,396€ | 77 |
Employees and payroll cost per employee per month*
0.2% |
| 552,914€ |
| +11.0% |
| 9,433€ |
| 1.7% |
| 5 |
| 1,170€ |
| 53 | Help Pharm03714233 · Podgorica | 0.2% | 489,810€ | +17,987.5% | 10,154€ | 2.1% | 11 | 933€ |
| 54 | MY Pharm03424901 · Podgorica | 0.2% | 477,360€ | +5.8% | 27,993€ | 5.9% | 4 | 1,675€ |
| 55 | Mira-Jova02457466 · Herceg Novi | 0.1% | 416,429€ | -8.3% | 21,936€ | 5.3% | 6 | 760€ |
| 56 | Optima Pharm03121348 · Podgorica | 0.1% | 412,982€ | +13.5% | 10,377€ | 2.5% | 4 | 1,179€ |
| 57 | Apoteka Maxima02318890 · Podgorica | 0.1% | 408,480€ | +65.8% | 2,558€ | 0.6% | 3 | 1,713€ |
| 58 | Herbora02458675 · Budva | 0.1% | 395,933€ | +7.4% | 17,806€ | 4.5% | 4 | 822€ |
| 59 | Royal Pharm02399059 · Herceg Novi | 0.1% | 367,811€ | +0.8% | 1,300€ | 0.4% | 3 | 1,463€ |
| 60 | Magnolija 203678814 · Tivat | 0.1% | 340,756€ | +253.7% | -45,094€ | -13.2% | 5 | 1,109€ |
| 61 | Andi Farm03677591 · Bar | <0.1% | 308,425€ | +376.6% | 14,433€ | 4.7% | 3 | 949€ |
| 62 | Vitamed03677028 · Budva | <0.1% | 271,867€ | +202.1% | -34,010€ | -12.5% | 5 | 1,361€ |
| 63 | Cali Pharm03578461 · Podgorica | <0.1% | 254,801€ | +27.3% | 6,381€ | 2.5% | 3 | 1,262€ |
| 64 | Ra Pharm03315282 · Podgorica | <0.1% | 254,453€ | -0.6% | 4,957€ | 1.9% | 4 | 465€ |
| 65 | Lenapharm03541894 · Bar | <0.1% | 208,449€ | +8.7% | 11,833€ | 5.7% | 2 | 905€ |
| 66 | Viva02730332 · Pljevlja | <0.1% | 148,338€ | -13.7% | -9,154€ | -6.2% | 2 | 614€ |
| 67 | Naša Apoteka03745082 · Pljevlja | <0.1% | 117,230€ | No filing for 2024. | -11,940€ | -10.2% | 3 | 642€ |
| 68 | Pčelica BY Aida03642917 · Podgorica | <0.1% | 92,742€ | +95.3% | -27,192€ | -29.3% | 2 | 1,825€ |
| 69 | Master Pharm03716783 · Podgorica | <0.1% | 79,189€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -51,543€ | -65.1% | 4 | 1,256€ |
| 70 | Ines Pharm03680401 · Podgorica | <0.1% | 77,880€ | +210.8% | -29,266€ | -37.6% | 3 | 1,163€ |
| 71 | L-Pharm03366596 · Bar | <0.1% | 67,632€ | -50.9% | 1,332€ | 2.0% | 3 | — |
| 72 | Radović - Pharm02410117 · Podgorica | <0.1% | 46,487€ | -56.4% | -14,488€ | -31.2% | 2 | 678€ |
| 73 | Herz03369439 · Plav | <0.1% | 32,053€ | No filing for 2024. | 0€ | 0.0% | 3 | — |
| 74 | Sezar03350754 · Rožaje | <0.1% | 2,850€ | -20.8% | -414€ | -14.5% | 1 | — |
| 75 | Bokapharm Apoteka03799565 · Herceg Novi | <0.1% | 548€ | No filing for 2024. | -8,780€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 4 | — |
| 76 | SV. Vrači03235840 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,160€ | — | 1 | — |
| 77 | Bosiljak02861577 · Tivat | 0.0% | 0€ | -100.0% | 0€ | — | — | — |