yes, exactly

33 hundredths, not 0.33 hundredths (that would actually be 33 thousandths).

Nur als Anmerkung:
0,33 Hundertstel sind 3,3 Tausendstel, nicht 33 Tausendstel

Right. Early morning math has never been my strength.

und 0,33 Hunderstel sind nicht 33 hundredths.
0,33/100 <-> 33/100.

Just forget I said anything.

but surely 0,33 Hundertstel are 0.33 hundreths of a second - unless the reporter did actually mean 33 hundreths of a second (can you measure thousandths of a second)?

By the way, measuring times in hundreths of a second is not limited to skiing but common practice in any sport (swimming, running …)

This is the result of sloppy writing/editing. Almost certainly I would assume that this is meant: X missed a medal by 33 hundredths of a second = 0.33 s.

(#7: Yes, some sports, e.g. track cycling, measure in thousandths, if necessary)