Access the annual report of Piaggio (at www.piaggio.com) for the year ended December 31, 2011. The usefulness of its budgets, variances, and related analyses depends on the accuracy of management’s estimates of future sales activity.

Required
1. Identify and record the prior two years’ sales (in € thousands) for Piaggio from its income statement.
2. Using the data in part 1, predict sales activity for Piaggio for the next two years. Explain your prediction process.