The Christian Dior Group posted revenues of EUR4.2bn (US$5.5bn) in its first quarter - flat compared to 2008 figures as couture sales fell in the economic downturn.

LVMH revenues edged up 0.4% to EUR4.018bn, but organic revenue was down 7% on the first quarter of 2008, which the company said had been "a period of strong growth".

Christian Dior Couture registered revenues of EUR169m, down 8% at current exchange rates and down 12% at constant exchange rates.

The company said the unfavourable economic environment impacted business, particularly in the US and Japan, but added that emerging markets in China and the Middle East remained strong.

"In the particularly difficult economic environment seen at the beginning of the year, the Christian Dior Group has used its key strategic assets - the strength of its brands, the responsiveness of its organisation, the diversification of its business lines and the geographic balance of its revenue - to its advantage," said the company.

"The efforts to adapt to the current context will continue throughout the year through the strict management of costs and selective investments."