Westwing Group's Earnings Report Reveals Hidden Strengths

Westwing Group's (ETR:WEW) recent earnings report pleased investors, with several encouraging factors beyond the headline profit numbers. The company's accrual ratio is -2.73, indicating good cash conversion and earnings that significantly understate its free cash flow. Free cash flow improved in the last year, and unusual items impacted statutory profit, affecting the accrual ratio. Analysts forecast future profitability, and the company's non-cash charge reduced paper profits.