Revenue
7.3% of Montenegro's revenue
3,730 companies earned 1.28b€ in 2025, 7.3% of all company revenue in Montenegro. It ranks 4 of 18 sectors by revenue. Revenue has grown 4.4× since 2015.
7.3% of Montenegro's revenue
1,317 with at most one employee
Largest employer: Budvanska Rivijera (600)
Total profit: 40.50m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 293,412,112€ | 1,514 |
| 2016 | 326,915,110€ | 1,760 |
| 2017 | 408,696,660€ | 1,996 |
| 2018 | 478,761,075€ | 2,271 |
| 2019 | 555,265,409€ | 2,491 |
| 2020 | 259,902,954€ | 2,701 |
| 2021 | 541,241,109€ | 2,889 |
| 2022 | 805,288,344€ | 3,220 |
| 2023 | 1,029,042,003€ | 3,598 |
| 2024 | 1,186,045,662€ | 3,784 |
| 2025 (Preliminary) | 1,281,069,991€ | 3,730 |
Growth is measured on the same companies, which filed for both years.
Share of the sector's revenue
Revenue change vs 2024, companies with at least 1m€ that year
Employees and payroll cost per employee per month*
Ranked by total revenue · Showing 101–150 of 3,730
* 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 354 sole proprietors: natural persons whose statements are shown only in aggregate, never by name. The company count excludes them. How we calculate →
| Employees |
|---|
| Payroll cost/emp./mo* |
|---|
| 101 | California Montenegro03058387 · Budva | 0.1% | 1,837,499€ | +4.1% | 528€ | 0.0% | 29 | 1,272€ |
| 102 | Imperiall Carević03110982 · Budva | 0.1% | 1,836,794€ | +48.5% | -155,919€ | -8.5% | 31 | 1,557€ |
| 103 | Trend Korali02774852 · Bar | 0.1% | 1,805,148€ | +518.0% | 1,234,511€ | 68.4% | 6 | 979€ |
| 104 | 3203084663 · Podgorica | 0.1% | 1,787,429€ | +57.7% | 46,997€ | 2.6% | 39 | 1,182€ |
| 105 | Voda u Kršu Lux02729270 · Podgorica | 0.1% | 1,772,087€ | +4.8% | 157,721€ | 8.9% | 38 | 963€ |
| 106 | R-Hotels03393186 · Budva | 0.1% | 1,747,241€ | +41.9% | 403,164€ | 23.1% | 24 | 1,026€ |
| 107 | Amfitrita02174294 · Ulcinj | 0.1% | 1,725,805€ | -6.8% | 373,642€ | 21.7% | 43 | 582€ |
| 108 | Kafeterija Montenegro03198928 · Tivat | 0.1% | 1,725,048€ | +44.5% | 25,021€ | 1.5% | 32 | 1,476€ |
| 109 | Veloder02230917 · Herceg Novi | 0.1% | 1,724,869€ | +11.2% | 323,810€ | 18.8% | 35 | 862€ |
| 110 | Olimp Co02919826 · Kotor | 0.1% | 1,722,201€ | +25.3% | 142,889€ | 8.3% | 26 | 959€ |
| 111 | Medusa Company03392465 · Budva | 0.1% | 1,711,569€ | +18.5% | 259,161€ | 15.1% | 24 | 1,214€ |
| 112 | Ktitor Budva Company02785196 · Budva | 0.1% | 1,676,856€ | -7.3% | 33,270€ | 2.0% | 36 | 880€ |
| 113 | Per Sempre02905655 · Podgorica | 0.1% | 1,665,777€ | -7.9% | 5,799€ | 0.3% | 42 | 1,285€ |
| 114 | Blue Marlin03257746 · Podgorica | 0.1% | 1,660,443€ | +1.5% | 74,123€ | 4.5% | 24 | 1,576€ |
| 115 | Olive Invest02965887 · Tivat | 0.1% | 1,638,014€ | -8.1% | -1,079,353€ | -65.9% | 50 | 1,482€ |
| 116 | Control02925923 · Žabljak | 0.1% | 1,613,505€ | +30.2% | 431,176€ | 26.7% | 32 | 777€ |
| 117 | Duomo MN03558096 · Budva | 0.1% | 1,608,153€ | +43.8% | 103,583€ | 6.4% | 28 | 1,678€ |
| 118 | Petrohotel02326175 · Budva | 0.1% | 1,604,650€ | -2.9% | 19,700€ | 1.2% | 30 | 1,177€ |
| 119 | General Invest03176258 · Podgorica | 0.1% | 1,574,659€ | +69.9% | -796,075€ | -50.6% | 37 | 1,055€ |
| 120 | Radgost Mne03625290 · Podgorica | 0.1% | 1,573,184€ | +81.3% | 54,017€ | 3.4% | 30 | 1,341€ |
| 121 | Mon03066223 · Podgorica | 0.1% | 1,569,728€ | +35.0% | 186,082€ | 11.9% | 9 | 1,459€ |
| 122 | Pippo's Yacht Supplies02776081 · Tivat | 0.1% | 1,568,712€ | -12.1% | 83,012€ | 5.3% | 32 | 1,353€ |
| 123 | West Point02781093 · Podgorica | 0.1% | 1,559,023€ | +1.9% | 66,625€ | 4.3% | 30 | 864€ |
| 124 | Top Hill02786818 · Budva | 0.1% | 1,525,819€ | -5.9% | -89,989€ | -5.9% | 13 | 4,058€ |
| 125 | Salaš 2302447576 · Podgorica | 0.1% | 1,519,827€ | +6.9% | 86,516€ | 5.7% | 26 | 1,189€ |
| 126 | Mamula Hotel Operating Company03396592 · Tivat | 0.1% | 1,517,004€ | -37.3% | -705,027€ | -46.5% | 10 | 3,338€ |
| 127 | Gora Company03113787 · Podgorica | 0.1% | 1,491,616€ | -9.7% | 160,959€ | 10.8% | 39 | 704€ |
| 128 | Obala Ribnice03306348 · Podgorica | 0.1% | 1,467,050€ | -4.4% | 125,985€ | 8.6% | 21 | 2,231€ |
| 129 | Taša02758725 · Pljevlja | 0.1% | 1,466,202€ | +1.7% | 102,085€ | 7.0% | 44 | 725€ |
| 130 | LB Leisure Management03347958 · Tivat | 0.1% | 1,465,352€ | +24.1% | -1,690,199€ | -115.3% | 20 | 6,750€ |
| 131 | VN1702914379 · Podgorica | 0.1% | 1,455,442€ | +30.6% | 57,446€ | 3.9% | 25 | 1,406€ |
| 132 | Vukmanović Montenegro02406403 · Bar | 0.1% | 1,451,610€ | -7.0% | 286,437€ | 19.7% | 1 | 7,181€ |
| 133 | P.S. Protokol03289214 · Podgorica | 0.1% | 1,446,882€ | -11.5% | 4,810€ | 0.3% | 33 | 1,040€ |
| 134 | Kristal MB03339904 · Podgorica | 0.1% | 1,437,732€ | -8.9% | 122,184€ | 8.5% | 18 | 1,181€ |
| 135 | Rhea +02725851 · Podgorica | 0.1% | 1,426,941€ | +0.3% | 69,228€ | 4.9% | 30 | 1,500€ |
| 136 | Monument PN03308235 · Herceg Novi | 0.1% | 1,421,280€ | +9.6% | 7,868€ | 0.6% | 30 | 934€ |
| 137 | Hobazomi03385949 · Bar | 0.1% | 1,418,692€ | +26.8% | 85,612€ | 6.0% | 31 | 882€ |
| 138 | Šolcomp02294516 · Podgorica | 0.1% | 1,414,708€ | -21.3% | 283,900€ | 20.1% | 35 | 1,192€ |
| 139 | Los Gueros03400107 · Tivat | 0.1% | 1,385,974€ | +27.4% | 46,126€ | 3.3% | 16 | 1,547€ |
| 140 | Namazu03535193 · Podgorica | 0.1% | 1,384,761€ | +79.4% | 11,590€ | 0.8% | 33 | 950€ |
| 141 | Hotel Pljevlja02782944 · Pljevlja | 0.1% | 1,378,282€ | +15.6% | 177,204€ | 12.9% | 32 | 878€ |
| 142 | Tadra-Commerce02066408 · Budva | 0.1% | 1,377,164€ | -1.3% | 83,051€ | 6.0% | 26 | 1,461€ |
| 143 | KM Comerce02873222 · Budva | 0.1% | 1,367,149€ | +1.6% | 404,459€ | 29.6% | 20 | 821€ |
| 144 | SVK03463443 · Budva | 0.1% | 1,359,951€ | +277.8% | 351,571€ | 25.9% | 38 | 828€ |
| 145 | Byblos03403831 · Budva | 0.1% | 1,359,240€ | +13.7% | 215,160€ | 15.8% | 12 | 1,481€ |
| 146 | Comodoro02706881 · Kotor | 0.1% | 1,356,828€ | +16.0% | 172,275€ | 12.7% | 24 | 1,378€ |
| 147 | Prodelivery03341569 · Podgorica | 0.1% | 1,350,324€ | +88.5% | 9,134€ | 0.7% | 53 | 385€ |
| 148 | Pio02456010 · Ulcinj | 0.1% | 1,345,390€ | +2.3% | 7,132€ | 0.5% | 51 | 1,018€ |
| 149 | Kastel Plus02814099 · Nikšić | 0.1% | 1,329,880€ | +11.1% | 54,440€ | 4.1% | 20 | 1,326€ |
| 150 | Gradska Cetinje03257207 · Cetinje | 0.1% | 1,319,658€ | -18.1% | 61,053€ | 4.6% | 38 | 1,203€ |