Turmoil in the sub-prime mortgage market weighed on Wolters Kluwer‘s financial services division in the third quarter, but a better than expected performance in its European legal, tax and regulatory division helped the professional publisher stick to its growth forecasts for the full year.

The 4 per cent organic revenue growth and improvement in operating margins to 19 per cent from 16 per cent a year earlier “demonstrates the strategy we put in place in September last year is working,” said Nancy McKinstry, chief executive.