UPDATE 2-Wolters Kluwer keeps 2009 targets, ups cost savings

* Keeps target of 2009 EBITA margin in line with last year's

* Ups cost savings outlook to 140-160 million euros in 2011

* Weak economic environment to continue in rest of 2009

* Shares down 1.9 percent

(Adds detail, analyst comment, shares)

By Harro ten Wolde

AMSTERDAM, Nov 4 (Reuters) - Dutch publisher Wolters Kluwer NV (WLSNc.AS: Quote, Profile, Research) expects to meet 2009 targets despite weak economic conditions persisting, and said it would increase cost-cutting measures.

"Subscription products delivered solid performance year-to-date, while new sales and transactional revenues continue to be pressured from weak economic conditions," chief executive Nancy McKinstry said on Wednesday.

The company kept its outlook for an earnings margin before interest, tax and amortisation (EBITA) in line with 2008 and free cash flow of about 350 million euros ($516 million), while earnings per share were expected in a 1.41-1.46 euros range.