Trade companies in Montenegro ranked by average monthly payroll cost per employee 2018. This 2018 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 2018, on the same criteria as the latest one. Latest list (2025)
Public financial statements processed by BizStats.me.
| # | Company | PIB | ||||
|---|---|---|---|---|---|---|
| 12017: rank 11 | Saga CG Trade · Podgorica | 02657597Income statement (PDF) | 2,322€ | +50.1% | 2,789,328€ | 11 |
| 22017: rank 9 | Cemex Montenegro Trade · Podgorica | 02270803Income statement (PDF) | 2,239€ | +35.5% | 29,230,116€ | 10 |
| 32017: rank 4 | G3 Spirits Trade · Podgorica | 02823381Income statement (PDF) | 2,088€ | +5.1% | 2,727,787€ | 10 |
| 42017: rank 60 | Montex Trade · Nikšić | 02768844Income statement (PDF) | 2,028€ | +175.5% | 184,855€ | 12 |
| 52017: rank 7 | Jugopetrol Trade · Podgorica | 02013258Income statement (PDF) | 1,949€ | +14.2% | 163,835,569€ | 102 |
| 62017: rank 1 | Izbor Trade · Bar | 02003228Income statement (PDF) | 1,848€ | -41.3% | 4,893,974€ | 30 |
| 72017: rank 5 | Crnogorski Operator Tržišta Električne Energije Trade · Podgorica | 02849097Income statement (PDF) | 1,823€ | -8.0% | 619,131€ | 19 |
| 82017: rank 8 | Podravka Trade · Podgorica | 02355388Income statement (PDF) | 1,703€ | +2.7% | 7,180,510€ | 23 |
| 92017: rank 2 | Montenegro Bonus Trade · Cetinje | 02384337Income statement (PDF) | 1,648€ | -24.3% | 12,382,716€ | 30 |
| 102017: rank 20 | Vektra Montenegro Trade · Podgorica | 02049899Income statement (PDF) | 1,613€ | +21.0% | 63,018€ | 15 |
| 112017: rank 6 | Carlsberg Montenegro Trade · Podgorica | 02657457Income statement (PDF) | 1,568€ | -11.7% | 14,962,932€ | 19 |
| 122017: rank 12 | Glosarij Trade · Podgorica | 02118912Income statement (PDF) | 1,566€ | +4.2% | 66,131,556€ | 103 |
| 132017: rank 19 | Wurth Trade · Podgorica | 02672197Income statement (PDF) | 1,545€ | +14.4% | 2,161,106€ | 15 |
| 142017: rank 17 | Montenegro Defence Industry Trade · Podgorica | 02236575Income statement (PDF) | 1,533€ | +9.6% | 5,243,475€ | 16 |
| 152017: rank 10 | Coca-Cola Hellenic Bottling Company-Crna Gora Trade · Podgorica | 02303213Income statement (PDF) | 1,527€ | -6.0% | 29,831,667€ | 30 |
| 162017: rank 15 | Comtrade Distribution Trade · Podgorica | 02297248Income statement (PDF) | 1,486€ | +5.1% | 20,263,114€ | 25 |
| 172017: rank 71 | Panto Distribucija Trade · Podgorica | 02859009Income statement (PDF) | 1,480€ | +114.8% | 2,975,355€ | 15 |
| 182017: rank 16 | Knjaz Miloš - Montenegro Trade · Kotor | 02309084Income statement (PDF) | 1,428€ | +1.3% | 9,406,321€ | 33 |
| 192017: rank 14 | Kim Tec CG Trade · Podgorica | 02438372Income statement (PDF) | 1,391€ | -2.2% | 9,209,400€ | 22 |
| 202017: rank 21 | Medicor Trade · Kotor | 02196344Income statement (PDF) | 1,289€ | +0.3% | 2,598,099€ | 21 |
| 212017: rank 23 | Also Montenegro Trade · Podgorica | 02412691Income statement (PDF) | 1,260€ | +4.7% | 5,801,537€ | 23 |
| 222017: rank 25 | Ina - Crna Gora Trade · Podgorica | 02305054Income statement (PDF) | 1,230€ | +6.7% | 76,910,840€ | 36 |
| 232017: rank 24 | Alumil Montenegro Trade · Podgorica | 02411865Income statement (PDF) | 1,186€ | +2.8% | 6,625,459€ | 14 |
| 242017: rank 27 | DMD Delta Trade · Podgorica | 02329115Income statement (PDF) | 1,168€ | +10.3% | 28,453,614€ | 62 |
| 252017: rank 38 | Industriaimport-Industriaimpex Trade · Podgorica | 02013576Income statement (PDF) | 1,155€ | +27.5% | 276,011€ | 12 |
| 262017: rank 18 | Galerija Podova Trade · Podgorica | 02654270Income statement (PDF) | 1,153€ | -16.8% | 1,670,169€ | 15 |
| 272017: rank 22 | Ledo Trade · Podgorica | 02126265Income statement (PDF) | 1,134€ | -8.6% | 13,604,997€ | 91 |
| 282017: rank 26 | Farmegra Trade · Podgorica | 02281864Income statement (PDF) | 1,128€ | +2.7% | 30,285,847€ | 94 |
| 292017: rank 66 | Real Fashion Trade · Podgorica | 02722437Income statement (PDF) | 1,094€ | +55.6% | 2,022,252€ | 12 |
| 30Not in the top 200 in 2017. | Farmalab Trade · Podgorica | 02729164Income statement (PDF) | 1,046€ | -6.3% | 3,996,451€ | 11 |
| 312017: rank 34 | Nelt Mne Trade · Podgorica | 02313707Income statement (PDF) | 1,030€ | +10.5% | 51,464,803€ | 172 |
| 322017: rank 31 | Autočačak Podgorica Trade · Zeta | 02466414Income statement (PDF) | 1,016€ | +5.7% | 28,624,213€ | 16 |
| 332017: rank 32 | Napredak Trade · Kotor | 02033542Income statement (PDF) | 1,001€ | +5.1% | 4,250,219€ | 58 |
| 342017: rank 29 | Plus Trade · Podgorica | 03024938Income statement (PDF) | 1,001€ | +3.2% | 20,940,532€ | 10 |
| 352017: rank 30 | Petrol Crna Gora Mne Trade · Podgorica | 02675889Income statement (PDF) | 1,000€ | +4.0% | 54,497,947€ | 110 |
| 362017: rank 36 | Agromarket CG Trade · Danilovgrad | 02631512Income statement (PDF) | 992€ | +8.2% | 2,892,261€ | 11 |
| 372017: rank 28 | Pharma Diskont Trade · Podgorica | 03108678Income statement (PDF) | 966€ | -5.8% | 1,260,337€ | 16 |
| 382017: rank 37 | Roma Company Trade · Danilovgrad | 02740338Income statement (PDF) | 936€ | +2.7% | 6,170,824€ | 16 |
| 392017: rank 33 | MPM Trade · Podgorica | 02047861Income statement (PDF) | 935€ | +0.2% | 25,785,553€ | 288 |
| 402017: rank 41 | Voli Motors Trade · Podgorica | 02846187Income statement (PDF) | 884€ | +4.2% | 4,061,293€ | 16 |
| 412017: rank 47 | Osmi Red - D Trade · Podgorica | 02296705Income statement (PDF) | 883€ | +8.5% | 5,816,725€ | 29 |
| 422017: rank 35 | Auto Moto Savez Crne Gore Trade · Podgorica | 02442116Income statement (PDF) | 871€ | -6.2% | 406,899€ | 22 |
| 432017: rank 53 | Tea Medica Trade · Podgorica | 02404184Income statement (PDF) | 855€ | +10.0% | 12,598,814€ | 158 |
| 442017: rank 113 | Autoremont Osmanagić Trade · Podgorica | 02117916Income statement (PDF) | 843€ | +52.2% | 949,707€ | 21 |
| 45Not in the top 200 in 2017. | Montex - Elektronika Trade · Podgorica | 02127997Income statement (PDF) | 835€ | No meaningful percentage: the 2017 or current value is zero, negative, unknown or unreliable. | 558,525€ | 12 |
| 462017: rank 45 | Agroauto Trade · Podgorica | 02160625Income statement (PDF) | 834€ | +0.7% | 1,968,971€ | 11 |
| 472017: rank 40 | NTC Trade · Nikšić | 02678187Income statement (PDF) | 834€ | -5.5% | 10,704,168€ | 43 |
| 482017: rank 124 | Calgo MN Trade · Podgorica | 02300672Income statement (PDF) | 812€ | +50.9% | 2,199,058€ | 19 |
| 492017: rank 43 | Lukoil Montenegro Trade · Podgorica | 02630419Income statement (PDF) | 810€ | -3.6% | 35,567,047€ | 134 |
| 502017: rank 62 | Savana Commercial Retail Trade · Podgorica | 03081842Income statement (PDF) | 809€ | +10.2% | 2,770,396€ | 22 |
Showing 1–50 · top 50 of 454 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 2018, ordered by average monthly payroll cost per employee after applying data-quality eligibility rules.
The leading record is DRUŠTVO ZA PROMET ROBA I USLUGA "SAGA CG" D.O.O. - PODGORICA; 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