Manufacturing companies in Montenegro ranked by average monthly payroll cost per employee 2020. This 2020 ranking uses public financial statements and the published BizStats.me methodology and eligibility criteria. Only companies with at least 10 employees are ranked.
Archived list for 2020, on the same criteria as the latest one. Latest list (2025)
Public financial statements processed by BizStats.me.
| # | Company | PIB | ||||
|---|---|---|---|---|---|---|
| 12019: rank 1 | Uniprom Manufacturing · Nikšić | 02049520Income statement (PDF) | 7,382€ | -10.6% | 74,185,983€ | 80 |
| 22019: rank 2 | Rudo Montenegro Manufacturing · Podgorica | 02691671Income statement (PDF) | 2,330€ | +15.0% | 1,867,164€ | 15 |
| 32019: rank 3 | Messer Tehnogas Manufacturing · Budva | 02670208Income statement (PDF) | 2,119€ | +31.9% | 2,276,793€ | 18 |
| 42019: rank 73 | Boster Manufacturing · Nikšić | 03024873Income statement (PDF) | 1,925€ | +374.1% | 2,635,853€ | 14 |
| 52019: rank 6 | Uniprom - Metali Manufacturing · Nikšić | 02915731Income statement (PDF) | 1,802€ | +33.6% | 22,959,292€ | 33 |
| 62019: rank 5 | Trebjesa Manufacturing · Nikšić | 02000989Income statement (PDF) | 1,792€ | +19.5% | 20,525,346€ | 224 |
| 72019: rank 4 | Imlek Boka Manufacturing · Kotor | 02357950Income statement (PDF) | 1,611€ | +4.3% | 18,703,938€ | 41 |
| 82019: rank 9 | Novi Duvanski Kombinat Manufacturing · Podgorica | 02860864Income statement (PDF) | 1,367€ | +26.6% | 4,810,183€ | 62 |
| 92019: rank 17 | Vagar Manufacturing · Podgorica | 02107171Income statement (PDF) | 1,357€ | +76.2% | 850,571€ | 10 |
| 102019: rank 11 | Hemomont Manufacturing · Podgorica | 02204185Income statement (PDF) | 1,354€ | +32.5% | 26,098,402€ | 186 |
| 112019: rank 8 | Kone Manufacturing · Podgorica | 02958554Income statement (PDF) | 1,340€ | +16.9% | 1,579,240€ | 11 |
| 122019: rank 7 | Daido Metal Kotor Manufacturing · Kotor | 02013053Income statement (PDF) | 1,305€ | +4.2% | 6,354,649€ | 156 |
| 132019: rank 14 | Tara - Aerospace Manufacturing · Mojkovac | 02464691Income statement (PDF) | 1,143€ | +27.0% | 3,790,634€ | 179 |
| 142019: rank 60 | Vektra - Jakic Manufacturing · Pljevlja | 02464446Income statement (PDF) | 1,139€ | +161.8% | 662,982€ | 45 |
| 152019: rank 20 | Maljat Stone Manufacturing · Danilovgrad | 02000466Income statement (PDF) | 1,131€ | +60.2% | 1,212,830€ | 63 |
| 162019: rank 64 | Mondal Industrija Manufacturing · Danilovgrad | 03103919Income statement (PDF) | 1,017€ | +140.4% | 1,019,022€ | 19 |
| 172019: rank 95 | Red Commerce Manufacturing · Podgorica | 02391678Income statement (PDF) | 1,005€ | +165.9% | 11,999,293€ | 25 |
| 182019: rank 123 | Televex Manufacturing · Podgorica | 02121778Income statement (PDF) | 1,002€ | +184.7% | 1,944,713€ | 40 |
| 192019: rank 148 | SKY Sat Manufacturing · Herceg Novi | 02056151Income statement (PDF) | 995€ | +200.6% | 905,326€ | 13 |
| 202019: rank 10 | Termoelektro-Mont Manufacturing · Podgorica | 02303124Income statement (PDF) | 974€ | -6.1% | 991,623€ | 43 |
| 212019: rank 16 | Fabrika Stočne Hrane Manufacturing · Danilovgrad | 02000423Income statement (PDF) | 973€ | +22.9% | 7,317,199€ | 32 |
| 222019: rank 13 | Vib-Bas Manufacturing · Nikšić | 02325721Income statement (PDF) | 907€ | -4.2% | 7,455,046€ | 24 |
| 232019: rank 70 | Panvel Manufacturing · Podgorica | 02075512Income statement (PDF) | 879€ | +113.9% | 4,721,688€ | 28 |
| 242019: rank 21 | Novi Monteživ Manufacturing · Nikšić | 03071839Income statement (PDF) | 845€ | +26.3% | 347,977€ | 15 |
| 252019: rank 26 | Tring Manufacturing · Podgorica | 02281899Income statement (PDF) | 830€ | +36.1% | 1,886,499€ | 17 |
| 262019: rank 154 | Grand Design Manufacturing · Podgorica | 02762340Income statement (PDF) | 814€ | +148.2% | 2,688,582€ | 11 |
| 272019: rank 54 | Studio Mouse Manufacturing · Podgorica | 02373203Income statement (PDF) | 767€ | +70.1% | 678,400€ | 18 |
| 282019: rank 19 | Montecco Inc Manufacturing · Danilovgrad | 02306689Income statement (PDF) | 763€ | +1.9% | 5,581,620€ | 61 |
| 29Not in the top 200 in 2019. | Pro File Manufacturing · Podgorica | 02668262Income statement (PDF) | 735€ | No meaningful percentage: the 2019 or current value is zero, negative, unknown or unreliable. | 360,290€ | 12 |
| 30Not in the top 200 in 2019. | Radna Soba Manufacturing · Podgorica | 02998980Income statement (PDF) | 723€ | No meaningful percentage: the 2019 or current value is zero, negative, unknown or unreliable. | 272,413€ | 11 |
| 312019: rank 43 | RM-Komerc Manufacturing · Pljevlja | 02169983Income statement (PDF) | 704€ | +40.8% | 789,318€ | 14 |
| 322019: rank 18 | Uniprom Pekara Manufacturing · Nikšić | 02453835Income statement (PDF) | 704€ | -8.1% | 2,046,458€ | 47 |
| 332019: rank 25 | Enterijeri - SNV Manufacturing · Nikšić | 03093387Income statement (PDF) | 702€ | +14.1% | 531,157€ | 12 |
| 342019: rank 160 | Pro Arm Manufacturing · Podgorica | 03177505Income statement (PDF) | 701€ | +117.7% | 11,129,070€ | 23 |
| 352019: rank 102 | Montemlin Šajo Manufacturing · Danilovgrad | 02343312Income statement (PDF) | 698€ | +86.6% | 1,212,772€ | 11 |
| 362019: rank 57 | Braća Despot Manufacturing · Podgorica | 02631962Income statement (PDF) | 697€ | +55.9% | 1,407,489€ | 14 |
| 372019: rank 118 | Tref i Manufacturing · Petnjica | 02460505Income statement (PDF) | 686€ | +91.6% | 1,048,290€ | 10 |
| 382019: rank 58 | Mljekara Manufacturing · Pljevlja | 02189313Income statement (PDF) | 674€ | +53.9% | 321,467€ | 16 |
| 392019: rank 145 | Vugomal Manufacturing · Podgorica | 03089193Income statement (PDF) | 671€ | +101.5% | 890,732€ | 23 |
| 402019: rank 53 | Lim Manufacturing · Bijelo Polje | 02428407Income statement (PDF) | 667€ | +46.0% | 1,755,013€ | 52 |
| 41Not in the top 200 in 2019. | Aleksić 3 D Manufacturing · Berane | 02633655Income statement (PDF) | 655€ | +55.6% | 430,903€ | 10 |
| 422019: rank 59 | Madžarević-Biro Konto i Ortaci Manufacturing · Herceg Novi | 02149575Income statement (PDF) | 650€ | +49.1% | 265,511€ | 18 |
| 43Not in the top 200 in 2019. | Water Group Manufacturing · Kolašin | 02437805Income statement (PDF) | 645€ | No meaningful percentage: the 2019 or current value is zero, negative, unknown or unreliable. | 2,322,204€ | 57 |
| 442019: rank 79 | Arte Home Manufacturing · Berane | 02744317Income statement (PDF) | 632€ | +59.2% | 282,412€ | 15 |
| 452019: rank 91 | Mit - Berane Manufacturing · Berane | 02851962Income statement (PDF) | 612€ | +59.0% | 175,012€ | 10 |
| 462019: rank 28 | Kobra Manufacturing · Budva | 02378124Income statement (PDF) | 612€ | +2.9% | 697,679€ | 15 |
| 472019: rank 37 | VHM Solutions Manufacturing · Nikšić | 02283441Income statement (PDF) | 603€ | +14.6% | 4,577,471€ | 119 |
| 482019: rank 47 | Don Don Manufacturing · Danilovgrad | 02757257Income statement (PDF) | 597€ | +23.3% | 2,140,881€ | 29 |
| 492019: rank 42 | Put-Gross Manufacturing · Bijelo Polje | 02066360Income statement (PDF) | 596€ | +18.3% | 14,165,534€ | 178 |
| 502019: rank 198 | Finezza Manufacturing · Podgorica | 03264980Income statement (PDF) | 592€ | No meaningful percentage: the 2019 or current value is zero, negative, unknown or unreliable. | 381,866€ | 24 |
Showing 1–50 · top 50 of 244 companies
* 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 →
This ranking contains 50 records for 2020, ordered by average monthly payroll cost per employee after applying data-quality eligibility rules.
The leading record is "UNIPROM" DRUŠTVO ZA PROIZVODNJU, PROMET ROBA I USLUGA,SPOLJNU TRGOVINU, USLUGE U TRANSPORTU I TURIZAM D.O.O. NIKŠIĆ; placement is determined by average monthly payroll cost per employee, never by payment.
The source, coverage, minimum thresholds and ranking rules are documented in the public methodology. Methodology